HBK Sorce Advisory LLC Has $4.33 Million Position in Vistra Corp. $VST

HBK Sorce Advisory LLC cut its holdings in shares of Vistra Corp. (NYSE:VST) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,941 shares of the company’s stock after selling 6,068 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Vistra were worth $4,331,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VST. Payden & Rygel grew its holdings in Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after buying an additional 34,300 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Vistra in the 4th quarter valued at $29,875,000. Ameritas Advisory Services LLC grew its holdings in Vistra by 7,556.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,656 shares of the company’s stock valued at $1,235,000 after buying an additional 7,556 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Vistra in the 3rd quarter valued at $1,445,000. Finally, North Dakota State Investment Board acquired a new position in Vistra in the 4th quarter valued at $1,875,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VST shares. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a report on Monday, March 2nd. Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Finally, Wells Fargo & Company decreased their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $233.33.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.92% of the company’s stock.

Vistra Stock Performance

VST opened at $156.40 on Monday. The firm has a market cap of $52.73 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The business’s fifty day moving average is $154.49 and its 200-day moving average is $162.86.

Vistra (NYSE:VST) last released its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Sell-side analysts expect that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.229 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s payout ratio is currently 15.24%.

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.