Vistra Corp. $VST Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Vistra Corp. (NYSE:VST) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,344,142 shares of the company’s stock after buying an additional 16,321 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.69% of Vistra worth $459,264,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VST. Ballentine Partners LLC lifted its position in shares of Vistra by 2.0% in the third quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock valued at $642,000 after acquiring an additional 63 shares in the last quarter. Rockline Wealth Management LLC raised its stake in Vistra by 16.4% in the 3rd quarter. Rockline Wealth Management LLC now owns 12,111 shares of the company’s stock valued at $2,373,000 after purchasing an additional 1,706 shares during the last quarter. Federated Hermes Inc. raised its stake in Vistra by 9.8% in the 3rd quarter. Federated Hermes Inc. now owns 957,040 shares of the company’s stock valued at $187,503,000 after purchasing an additional 85,520 shares during the last quarter. Truist Financial Corp lifted its holdings in Vistra by 49.6% in the 3rd quarter. Truist Financial Corp now owns 35,915 shares of the company’s stock valued at $7,036,000 after purchasing an additional 11,912 shares in the last quarter. Finally, Bensler LLC boosted its stake in Vistra by 5.5% during the 3rd quarter. Bensler LLC now owns 85,991 shares of the company’s stock worth $16,847,000 after purchasing an additional 4,445 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VST. BMO Capital Markets increased their target price on shares of Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Bank of America cut their price objective on shares of Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Scotiabank upped their price target on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company cut their price target on Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and an average target price of $239.20.

Insiders Place Their Bets

In related news, EVP Stephanie Zapata Moore sold 8,219 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the sale, the executive vice president directly owned 79,854 shares of the company’s stock, valued at approximately $13,842,690.90. This trade represents a 9.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the sale, the chief executive officer owned 297,998 shares in the company, valued at approximately $48,290,575.90. This trade represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 166,680 shares of company stock worth $28,761,790 over the last ninety days. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

NYSE:VST opened at $165.58 on Thursday. The company’s 50-day moving average is $166.65 and its two-hundred day moving average is $186.11. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market capitalization of $56.10 billion, a price-to-earnings ratio of 59.78, a PEG ratio of 1.00 and a beta of 1.41.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Analysts forecast that Vistra Corp. will post 7 EPS for the current year.

About Vistra

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.