HBK Sorce Advisory LLC Acquires New Holdings in Vistra Corp. $VST

HBK Sorce Advisory LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,989 shares of the company’s stock, valued at approximately $3,232,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Vistra during the fourth quarter valued at approximately $746,729,000. Capital World Investors bought a new position in Vistra in the 4th quarter worth approximately $574,499,000. Bank of New York Mellon Corp bought a new position in Vistra in the 2nd quarter worth approximately $381,938,000. Rubric Capital Management LP acquired a new stake in Vistra in the 4th quarter valued at approximately $322,660,000. Finally, Amundi increased its position in Vistra by 72.3% in the 4th quarter. Amundi now owns 1,949,568 shares of the company’s stock valued at $314,524,000 after acquiring an additional 817,876 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

NYSE VST opened at $148.33 on Monday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm has a market capitalization of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41. The company’s 50 day simple moving average is $154.14 and its 200 day simple moving average is $156.55. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87.

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 paid a dividend of $0.23 per share. 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 an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.54%.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares in the company, valued at $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction dated 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 directly owned 53,006 shares of the company’s stock, valued at $8,109,918. This represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock valued at $6,739,227 in the last quarter. Company insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VST. Seaport Research Partners reaffirmed a “buy” rating and set a $230.00 target price on shares of Vistra in a research note on Monday, June 15th. Zacks Research raised Vistra from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. UBS Group lowered their price target on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Wells Fargo & Company restated an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research note on Monday, August 10th. Finally, TD Cowen reduced their price objective on shares of Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a report on Monday, July 27th. Three investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $228.56.

Vistra Company 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.