Hsbc Holdings PLC Has $91.03 Million Stock Position in Vistra Corp. $VST

Hsbc Holdings PLC increased its position in shares of Vistra Corp. (NYSE:VST) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 571,291 shares of the company’s stock after buying an additional 36,485 shares during the quarter. Hsbc Holdings PLC’s holdings in Vistra were worth $91,029,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Field & Main Bank acquired a new stake in shares of Vistra in the 2nd quarter worth about $151,000. Wellington Management Group LLP raised its stake in shares of Vistra by 51.0% during the 2nd quarter. Wellington Management Group LLP now owns 1,400,924 shares of the company’s stock worth $222,229,000 after purchasing an additional 472,887 shares during the period. Fox Hill Wealth Management purchased a new position in Vistra in the second quarter valued at about $2,610,000. Kingsview Wealth Management LLC purchased a new position in Vistra in the second quarter valued at approximately $734,000. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Vistra during the 2nd quarter valued at $4,056,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $149.27 on Monday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The stock has a market cap of $50.10 billion, a price-to-earnings ratio of 25.21 and a beta of 1.40. The stock’s 50 day simple moving average is $149.39 and its two-hundred day simple moving average is $154.70.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. As a group, analysts expect that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, September 21st. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Insider Buying and Selling

In other news, Director Scott Helm sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Barbas sold 244 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,988 shares of company stock valued at $5,178,427 over the last ninety days. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VST. Morgan Stanley upped their price target on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Seaport Research Partners reiterated a “buy” rating and set a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. BNP Paribas Exane set a $255.00 price objective on shares of Vistra in a report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.53.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.