Hartline Investment Corp Has $568,000 Holdings in Vistra Corp. $VST

Hartline Investment Corp lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 87.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Legato Capital Management LLC acquired a new position in Vistra in the fourth quarter valued at $864,000. Karras Company Inc. acquired a new position in Vistra in the fourth quarter valued at $1,119,000. Principle Wealth Partners LLC lifted its holdings in Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock valued at $2,333,000 after buying an additional 73 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Vistra by 231.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 17,796 shares of the company’s stock valued at $2,871,000 after buying an additional 12,421 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vistra in the fourth quarter valued at $29,875,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $156.40 on Friday. The firm’s 50-day moving average price is $154.49 and its 200-day moving average price is $163.07. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The firm has a market capitalization of $52.73 billion, a P/E ratio of 26.20, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51.

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

Vistra Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on VST shares. Morgan Stanley restated an “overweight” rating and issued a $212.00 target price on shares of Vistra in a report on Thursday. TD Cowen dropped their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. BMO Capital Markets restated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $233.33.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 114,409 shares in the company, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.

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.