Hillsdale Investment Management Inc. Sells 2,600 Shares of Vistra Corp. (NYSE:VST)

Hillsdale Investment Management Inc. decreased its stake in shares of Vistra Corp. (NYSE:VST) by 17.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,450 shares of the company’s stock after selling 2,600 shares during the period. Hillsdale Investment Management Inc.’s holdings in Vistra were worth $867,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. IFM Investors Pty Ltd boosted its stake in Vistra by 15.3% during the fourth quarter. IFM Investors Pty Ltd now owns 102,237 shares of the company’s stock worth $3,938,000 after acquiring an additional 13,551 shares in the last quarter. Raymond James & Associates boosted its stake in Vistra by 4.3% during the fourth quarter. Raymond James & Associates now owns 2,145,891 shares of the company’s stock worth $82,660,000 after acquiring an additional 87,494 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Vistra by 5.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,726 shares of the company’s stock worth $1,145,000 after acquiring an additional 1,480 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Vistra by 19,070.8% during the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock worth $214,426,000 after acquiring an additional 5,537,584 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in Vistra during the fourth quarter worth about $25,395,000. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST traded up $0.81 during mid-day trading on Tuesday, hitting $79.98. 1,186,875 shares of the company traded hands, compared to its average volume of 6,660,818. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The stock has a 50-day moving average price of $90.43 and a two-hundred day moving average price of $69.77. Vistra Corp. has a 1 year low of $27.54 and a 1 year high of $107.24. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 48.64 and a beta of 1.05.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Equities analysts anticipate that Vistra Corp. will post 4.99 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.09%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, June 18th. Vistra’s payout ratio is presently 53.37%.

Insider Activity

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were acquired at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the completion of the transaction, the director now owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Janney Montgomery Scott assumed coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 target price for the company. BMO Capital Markets lifted their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. UBS Group lifted their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Morgan Stanley lifted their target price on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $87.83.

Vistra 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.