HBK Sorce Advisory LLC Makes New Investment in Vistra Corp. $VST

HBK Sorce Advisory LLC bought a new position in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,989 shares of the company’s stock, valued at approximately $3,232,000.

A number of other institutional investors have also modified their holdings of the stock. OMC Financial Services LTD bought a new position in shares of Vistra during the second quarter worth about $3,618,000. Nippon Life Global Investors Americas Inc. bought a new stake in Vistra in the second quarter valued at about $19,262,000. Flputnam Investment Management Co. acquired a new stake in Vistra during the second quarter valued at approximately $1,080,000. Global Retirement Partners LLC acquired a new stake in Vistra during the second quarter valued at approximately $1,107,000. Finally, Bank of New York Mellon Corp acquired a new stake in Vistra during the second quarter valued at approximately $381,938,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the transaction, the chief accounting officer directly owned 14,360 shares in the company, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last three months. 0.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

VST has been the subject of several research reports. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group set a $206.00 price target on Vistra in a report on Wednesday. TD Cowen dropped their price target on Vistra from $230.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. JPMorgan Chase & Co. reduced their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $228.56.

Vistra Price Performance

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s dividend payout ratio is currently 15.54%.

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.