NEOS Investment Management LLC Raises Stake in Vistra Corp. $VST

NEOS Investment Management LLC increased its stake in Vistra Corp. (NYSE:VST) by 43.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,101 shares of the company’s stock after buying an additional 11,896 shares during the period. NEOS Investment Management LLC’s holdings in Vistra were worth $7,661,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Vistra in the second quarter valued at approximately $930,080,000. Alkeon Capital Management LLC lifted its holdings in shares of Vistra by 280.6% in the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock worth $262,876,000 after buying an additional 1,000,000 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vistra by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after buying an additional 930,912 shares during the period. Invesco Ltd. grew its position in shares of Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after buying an additional 913,350 shares in the last quarter. Finally, Palidye Holdings Caymans Ltd purchased a new position in shares of Vistra during the second quarter valued at $145,987,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 1.8%

NYSE:VST opened at $170.54 on Thursday. The stock has a market capitalization of $57.78 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 1.05 and a beta of 1.40. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. 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 firm has a 50 day moving average of $162.80 and a 200 day moving average of $182.30.

Insiders Place Their Bets

In related news, EVP Stephanie Zapata Moore sold 8,219 shares of the company’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 transaction, the executive vice president directly owned 79,854 shares of the company’s stock, valued at $13,842,690.90. This represents a 9.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James A. Burke sold 22,251 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total value 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 approximately $48,290,575.90. This represents a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is owned by company insiders.

Analyst Ratings Changes

VST has been the subject of a number of research reports. Bank of America lowered their price objective on shares of Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Wells Fargo & Company reduced their price target on shares of Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Evercore increased their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. BMO Capital Markets lifted their price objective on shares of Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. lowered their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $237.53.

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.