Hsbc Holdings PLC Purchases 36,485 Shares of Vistra Corp. $VST

Key Points

• Hsbc Holdings PLC increased its Vistra stake by 6.8% in the second quarter, adding 36,485 shares to hold 571,291 shares worth approximately $91 million. Institutional investors and hedge funds own 90.88% of Vistra.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $223.53. Recent targets range from $169 to $227.
• Vistra reported quarterly EPS of $0.76, missing the $1.61 consensus estimate, while revenue of $4.02 billion also fell short of expectations. The company declared a quarterly dividend of $0.23 per share, equal to a 0.6% annualized yield.

Hsbc Holdings PLC raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 571,291 shares of the company's stock after purchasing an additional 36,485 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of Vistra worth $91,029,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Vistra during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new position in Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Vistra during the fourth quarter worth $30,000. Triumph Capital Management bought a new position in Vistra during the third quarter worth about $38,000. Finally, Strive Asset Management LLC acquired a new position in shares of Vistra in the 3rd quarter valued at approximately $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the topic of several research reports. UBS Group cut their price objective on shares of Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Mizuho began coverage on Vistra in a report on Monday, August 24th. They issued an "outperform" rating and a $169.00 price objective for the company. Wells Fargo & Company reiterated an "overweight" rating and set a $212.00 price target on shares of Vistra in a report on Monday, August 10th. Jefferies Financial Group reaffirmed a "buy" rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Finally, Weiss Ratings cut Vistra from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $223.53.

Vistra Trading Down 0.0%

Shares of VST stock opened at $149.27 on Monday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The stock's fifty day moving average price is $149.39 and its two-hundred day moving average price is $154.70. The company has a market cap of $50.10 billion, a PE ratio of 25.21 and a beta of 1.40.

Vistra (NYSE:VST - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.76 EPS 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 business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Equities analysts predict 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 15.54%.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 25,000 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares of the company's stock, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The sale was disclosed in a document filed 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, CEO James Burke acquired 4,465 shares of the stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $135.25 per share, with a total value of $603,891.25. Following the completion of the transaction, the chief executive officer directly owned 1,146,352 shares of the company's stock, valued at $155,044,108. The trade was a 0.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 31,988 shares of company stock worth $5,178,427. 0.92% of the stock is owned by corporate insiders.

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.

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