HBK Sorce Advisory LLC Lowers Holdings in Vistra Corp. (NYSE:VST)

HBK Sorce Advisory LLC trimmed its position in Vistra Corp. (NYSE:VST) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lionsbridge Wealth Management LLC purchased a new stake in shares of Vistra during the 4th quarter worth $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra during the 4th quarter worth $231,000. Retirement Systems of Alabama boosted its position in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP purchased a new stake in shares of Vistra during the 3rd quarter worth $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new stake in shares of Vistra during the 4th quarter worth $565,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 7.0 %

NYSE VST opened at $122.39 on Thursday. Vistra Corp. has a 12 month low of $59.93 and a 12 month high of $199.84. The company has a 50-day moving average of $156.91 and a 200-day moving average of $136.63. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market cap of $41.49 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company 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 dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. 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. Vistra’s payout ratio is presently 12.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and cut their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Finally, Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

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.