Vistra Corp. (NYSE:VST) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in Vistra Corp. (NYSE:VST) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 619,793 shares of the company’s stock after selling 222,546 shares during the quarter. Hsbc Holdings PLC owned approximately 0.18% of Vistra worth $85,596,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC raised its stake in Vistra by 1.1% during the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company’s stock valued at $1,321,000 after buying an additional 106 shares in the last quarter. Stifel Financial Corp lifted its stake in Vistra by 13.5% during the fourth quarter. Stifel Financial Corp now owns 78,390 shares of the company’s stock worth $10,809,000 after purchasing an additional 9,337 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in Vistra by 4.8% during the fourth quarter. OneDigital Investment Advisors LLC now owns 2,944 shares of the company’s stock valued at $406,000 after purchasing an additional 135 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Vistra by 78.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 8,556 shares of the company’s stock worth $1,180,000 after purchasing an additional 3,770 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Vistra by 63.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 28,049 shares of the company’s stock worth $3,867,000 after buying an additional 10,885 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VST. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group started coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 price objective for the company. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and an average target price of $166.17.

Vistra Stock Up 6.5 %

VST stock opened at $119.91 on Thursday. The firm’s 50-day moving average is $124.59 and its two-hundred day moving average is $140.69. The company has a market capitalization of $40.79 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.75%. Vistra’s payout ratio is presently 12.62%.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.