NewEdge Wealth LLC Buys 8,962 Shares of Vistra Corp. $VST

NewEdge Wealth LLC lifted its position in Vistra Corp. (NYSE:VST) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 338,167 shares of the company’s stock after purchasing an additional 8,962 shares during the quarter. Vistra accounts for approximately 0.9% of NewEdge Wealth LLC’s holdings, making the stock its 16th biggest holding. NewEdge Wealth LLC owned approximately 0.10% of Vistra worth $64,045,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Vistra during the second quarter worth about $930,080,000. Alkeon Capital Management LLC boosted 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 acquiring an additional 1,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 acquiring an additional 930,912 shares in the last quarter. Invesco Ltd. grew its position in 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 acquiring an additional 913,350 shares during the last quarter. Finally, Palidye Holdings Caymans Ltd acquired a new stake in Vistra during the 2nd quarter valued at $145,987,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $170.54 on Thursday. The firm has a market cap 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 12 month low of $90.51 and a 12 month 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 stock has a 50-day moving average price of $162.80 and a 200 day moving average price of $182.30.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $173.35, for a total value of $1,424,763.65. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 297,998 shares in the company, valued at $48,290,575.90. This represents a 6.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Evercore upped their price target on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley set a $227.00 price objective on shares of Vistra in a report on Wednesday, January 21st. UBS Group raised their price objective on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Bank of America reduced their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.