Hsbc Holdings PLC Sells 222,546 Shares of Vistra Corp. (NYSE:VST)

Hsbc Holdings PLC reduced its position in Vistra Corp. (NYSE:VST - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 619,793 shares of the company's stock after selling 222,546 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Vistra worth $85,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in Vistra in the third quarter worth approximately $631,000. Virtu Financial LLC purchased a new stake in shares of Vistra in the 3rd quarter worth $1,466,000. Fulcrum Equity Management raised its holdings in Vistra by 2.8% in the 3rd quarter. Fulcrum Equity Management now owns 13,549 shares of the company's stock worth $1,606,000 after purchasing an additional 364 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new position in Vistra during the third quarter valued at $208,000. Finally, World Investment Advisors LLC bought a new stake in Vistra during the third quarter valued at about $351,000. Institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Shares of Vistra stock traded up $0.25 during trading on Monday, reaching $126.89. 1,768,697 shares of the stock traded hands, compared to its average volume of 7,891,144. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business has a fifty day simple moving average of $122.87 and a two-hundred day simple moving average of $140.86. The company has a market capitalization of $43.16 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Insiders Place Their Bets

In related news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $166.17.

About Vistra

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.