GWN Securities Inc. Invests $695,000 in Vistra Corp. $VST

GWN Securities Inc. bought a new position in shares of Vistra Corp. (NYSE:VST) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,568 shares of the company’s stock, valued at approximately $695,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Banque Transatlantique SA increased its holdings in Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. HM Payson & Co. increased its holdings in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. City State Bank increased its holdings in Vistra by 210.0% in the second quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Keener Financial Planning LLC bought a new stake in Vistra in the first quarter valued at about $34,000. Finally, WPG Advisers LLC bought a new stake in Vistra in the first quarter valued at about $37,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of VST stock opened at $190.24 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The business has a 50 day moving average of $199.41 and a two-hundred day moving average of $180.49. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a market cap of $64.46 billion, a P/E ratio of 30.34, a PEG ratio of 2.83 and a beta of 1.33.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VST shares. JPMorgan Chase & Co. boosted their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Wells Fargo & Company started coverage on Vistra in a report on Monday. They issued an “overweight” rating and a $238.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets boosted their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average target price of $229.93.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 693,796 shares of company stock worth $142,063,483 in the last three months. Insiders own 1.42% of the company’s stock.

About Vistra

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.