Bank of New York Mellon Corp Boosts Stock Position in Vistra Corp. $VST

Bank of New York Mellon Corp increased its position in shares of Vistra Corp. (NYSE:VST) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,344,142 shares of the company’s stock after acquiring an additional 16,321 shares during the period. Bank of New York Mellon Corp’s holdings in Vistra were worth $459,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VST. Salomon & Ludwin LLC acquired a new stake in shares of Vistra during the third quarter worth about $25,000. Quent Capital LLC purchased a new stake in Vistra during the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth approximately $28,000. Anfield Capital Management LLC purchased a new position in Vistra in the 2nd quarter valued at approximately $29,000. Finally, Orion Capital Management LLC purchased a new position in Vistra in the 3rd quarter valued at approximately $29,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 0.8%

Shares of NYSE VST opened at $165.58 on Thursday. The business has a 50-day moving average of $166.65 and a two-hundred day moving average of $186.11. The company has a market capitalization 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 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.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business 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, analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $162.05, for a total value of $3,605,774.55. Following the transaction, the chief executive officer directly owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of Vistra stock in a transaction on 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 sale, the executive vice president owned 79,854 shares in the company, valued at $13,842,690.90. This represents a 9.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 166,680 shares of company stock worth $28,761,790 in the last ninety days. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VST. Bank of America cut their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. BMO Capital Markets upped their price target on Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Scotiabank lifted their price objective on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Morgan Stanley set a $227.00 price objective on Vistra in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $239.20.

Vistra 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.