Vistra Corp. $VST Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Vistra Corp. (NYSE:VST) by 13.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200,777 shares of the company’s stock after acquiring an additional 23,080 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Vistra worth $39,336,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its holdings in Vistra by 24.1% during the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after buying an additional 3,920 shares during the period. Woodline Partners LP raised its holdings in shares of Vistra by 40.7% during the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after acquiring an additional 8,312 shares during the period. Focus Partners Wealth boosted its stake in Vistra by 37.3% in the 1st quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock worth $920,000 after purchasing an additional 2,125 shares during the period. Sivia Capital Partners LLC purchased a new position in Vistra during the 2nd quarter worth approximately $269,000. Finally, Sound Income Strategies LLC grew its position in Vistra by 10,042.9% during the 2nd quarter. Sound Income Strategies LLC now owns 710 shares of the company’s stock worth $138,000 after purchasing an additional 703 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction that occurred on 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 directly owned 297,998 shares of the company’s stock, valued at $48,290,575.90. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares in the company, valued at approximately $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 166,680 shares of company stock worth $28,761,790 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Up 0.8%

Shares of NYSE VST opened at $165.58 on Thursday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm’s 50-day simple moving average is $166.65 and its 200 day simple moving average is $186.11. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The company has a market cap of $56.10 billion, a price-to-earnings ratio of 59.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.41.

Vistra (NYSE:VST) last announced its 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). The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. On average, research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VST shares. BMO Capital Markets raised their target price on Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. UBS Group lifted their target price on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. TD Cowen started coverage on shares of Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price target for the company. KeyCorp started coverage on shares of Vistra in a research note on Monday, November 24th. They set an “overweight” rating and a $217.00 target price for the company. Finally, Bank of America lowered their price target on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $239.20.

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.