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

HBK Sorce Advisory LLC trimmed its position in Vistra Corp. (NYSE:VST) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in Vistra by 43.3% in the fourth quarter. Hantz Financial Services Inc. now owns 18,220 shares of the company’s stock worth $2,939,000 after purchasing an additional 5,504 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra in the fourth quarter worth about $25,000. Prospera Financial Services Inc increased its position in Vistra by 10.4% in the fourth quarter. Prospera Financial Services Inc now owns 14,335 shares of the company’s stock worth $2,313,000 after purchasing an additional 1,349 shares during the period. Legato Capital Management LLC acquired a new stake in Vistra in the fourth quarter worth about $864,000. Finally, Karras Company Inc. acquired a new stake in Vistra in the fourth quarter worth about $1,119,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 0.1%

Shares of Vistra stock opened at $156.40 on Monday. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The stock has a market cap of $52.73 billion, a P/E ratio of 26.20, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The business’s 50 day moving average is $154.49 and its 200-day moving average is $162.86.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Equities research analysts predict that Vistra Corp. will post 9.3 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research report on Thursday. Wells Fargo & Company lowered their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research report on Thursday. Finally, Raymond James Financial set a $208.00 price objective on Vistra in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Vistra currently has an average rating of “Buy” and an average price target of $233.33.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.92% of the company’s stock.

Vistra 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.