Vistra Corp. (NYSE:VST) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC cut its stake in shares of Vistra Corp. (NYSE:VST) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,631 shares of the company’s stock after selling 3,415 shares during the period. HBK Sorce Advisory LLC’s holdings in Vistra were worth $5,188,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after buying an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after buying an additional 1,000,307 shares during the last quarter. Appaloosa LP raised its position in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Finally, Castle Hook Partners LP raised its position in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra Trading Up 7.0 %

NYSE VST opened at $122.39 on Thursday. The firm has a 50 day simple moving average of $156.91 and a 200-day simple moving average of $136.63. The firm has a market cap of $41.49 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $59.93 and a one year high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is presently 12.62%.

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.