Hartline Investment Corp Sells 24,451 Shares of Vistra Corp. $VST

Hartline Investment Corp cut its holdings in shares of Vistra Corp. (NYSE:VST) by 87.4% in the 4th quarter, HoldingsChannel reports. The fund owned 3,523 shares of the company’s stock after selling 24,451 shares during the period. Hartline Investment Corp’s holdings in Vistra were worth $568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Vistra during the fourth quarter worth about $25,000. Archer Investment Corp increased its position in shares of Vistra by 2,700.0% during the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Vistra during the third quarter worth about $28,000. Orion Capital Management LLC bought a new stake in shares of Vistra during the third quarter worth about $29,000. Finally, Salomon & Ludwin LLC increased its position in shares of Vistra by 74.8% during the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 92 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the completion of the transaction, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VST shares. Jefferies Financial Group reissued a “buy” rating and set a $190.00 target price on shares of Vistra in a research report on Thursday. TD Cowen reduced their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research report on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $233.33.

Vistra Trading Up 4.9%

Shares of VST stock opened at $156.40 on Friday. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company has a 50-day simple moving average of $154.49 and a two-hundred day simple moving average of $163.07. The company has a market capitalization of $52.73 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 0.89 and a beta of 1.43.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Research analysts anticipate that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.24%.

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.