Hsbc Holdings PLC Acquires 323,264 Shares of Vistra Corp. $VST

Key Points

• Hsbc Holdings PLC increased its stake in Vistra Corp. by 52.2% in the first quarter, now owning approximately 0.28% of the company, valued at $109.76 million.
• Vistra Corp. recently announced a quarterly dividend increase to $0.226 per share, up from $0.23, representing a 0.5% dividend yield.
• Shares of Vistra have shown significant performance, hitting a one-year low of $72.90 and a high of $216.85, with a current market cap of $65.26 billion.

Hsbc Holdings PLC increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 52.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 943,057 shares of the company's stock after purchasing an additional 323,264 shares during the period. Hsbc Holdings PLC owned approximately 0.28% of Vistra worth $109,761,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Andina Capital Management LLC bought a new position in Vistra during the first quarter valued at about $341,000. Senator Investment Group LP increased its holdings in shares of Vistra by 162.3% during the 1st quarter. Senator Investment Group LP now owns 411,825 shares of the company's stock valued at $48,365,000 after acquiring an additional 254,841 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Vistra by 13.3% in the 1st quarter. Quantbot Technologies LP now owns 17,373 shares of the company's stock valued at $2,040,000 after acquiring an additional 2,046 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Vistra in the 1st quarter valued at approximately $3,011,000. Finally, Korea Investment CORP lifted its holdings in Vistra by 34.3% in the 1st quarter. Korea Investment CORP now owns 473,475 shares of the company's stock worth $55,605,000 after purchasing an additional 121,047 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president directly owned 88,073 shares in the company, valued at approximately $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director owned 255,192 shares of the company's stock, valued at $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock worth $18,579,650 over the last three months. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

NYSE:VST traded up $0.0160 during trading hours on Friday, hitting $190.2960. 3,444,858 shares of the company traded hands, compared to its average volume of 4,641,922. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a twelve month low of $72.90 and a twelve month high of $216.85. The firm has a 50-day moving average of $194.24 and a 200 day moving average of $158.25. The stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 2.19 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio is presently 14.35%.

Analysts Set New Price Targets

Several equities analysts have commented on VST shares. Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday. Melius began coverage on shares of Vistra in a report on Wednesday. They set a "buy" rating and a $295.00 price objective for the company. Morgan Stanley lifted their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Finally, BMO Capital Markets raised their price target on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.93.

Vistra Company 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.