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

Key Points

• HSBC increased its Vistra stake by 6.8% in the second quarter, holding 571,291 shares worth approximately $91.03 million. Institutional investors collectively own 90.88% of Vistra.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $223.53, despite Vistra’s latest quarterly earnings and revenue falling below analyst expectations.
• Vistra’s shares opened at $140.28, while the company declared a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 payout and a 0.7% yield.

Hsbc Holdings PLC grew its position in Vistra Corp. (NYSE:VST - Free Report) by 6.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 571,291 shares of the company's stock after acquiring an additional 36,485 shares during the period. Hsbc Holdings PLC owned 0.17% of Vistra worth $91,029,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Vistra in the second quarter valued at about $4,610,496,000. Norges Bank acquired a new stake in shares of Vistra during the fourth quarter valued at about $746,729,000. Capital World Investors bought a new stake in shares of Vistra during the fourth quarter worth about $574,499,000. Bank of New York Mellon Corp bought a new stake in shares of Vistra during the second quarter worth about $381,938,000. Finally, Rubric Capital Management LP acquired a new position in shares of Vistra in the fourth quarter valued at approximately $322,660,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity

In other news, Director Paul M. Barbas sold 244 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director directly owned 232,200 shares in the company, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,588 shares of company stock worth $5,914,427 over the last quarter. Company insiders own 0.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of Vistra from $222.00 to $221.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a report on Wednesday, August 12th. UBS Group decreased their price target on shares of Vistra from $233.00 to $227.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the company an "outperform" rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $223.53.

Vistra Trading Up 0.9%

Shares of VST stock opened at $140.28 on Thursday. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 23.70 and a beta of 1.41. The stock has a 50-day moving average of $152.62 and a 200-day moving average of $155.68.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 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 company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. On average, equities research analysts forecast that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is 15.54%.

About Vistra

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.

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