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

Hsbc Holdings PLC lifted its stake in shares of Vistra Corp. (NYSE:VST) by 6.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 571,291 shares of the company’s stock after acquiring an additional 36,485 shares during the period. Hsbc Holdings PLC’s holdings in Vistra were worth $91,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Equitable Holdings Inc. increased its stake in Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock valued at $1,380,000 after purchasing an additional 61 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Vistra by 3.8% in the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after buying an additional 65 shares during the period. Rothschild Investment LLC grew its stake in shares of Vistra by 2.9% in the 4th quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock valued at $389,000 after buying an additional 68 shares during the period. Outlook Wealth Advisors LLC increased its position in Vistra by 4.9% in the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock valued at $227,000 after buying an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its position in Vistra by 0.5% in the 4th quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock valued at $2,333,000 after buying an additional 73 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on VST. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 price target on shares of Vistra in a report on Monday, June 15th. JPMorgan Chase & Co. reduced their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Scotiabank boosted their price objective on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Finally, Zacks Research cut Vistra from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average price target of $223.53.

Vistra Stock Performance

Shares of VST stock opened at $140.28 on Thursday. The firm has a 50-day moving average of $152.62 and a 200-day moving average of $155.68. The company has a market cap of $47.08 billion, a P/E ratio of 23.70 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.46 billion. Equities research analysts forecast that Vistra Corp. will post 9.21 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 15.54%.

Insider Activity

In other news, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 36,588 shares of company stock worth $5,914,427 in the last quarter. 0.92% of the stock is owned by corporate insiders.

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.