Oppenheimer Asset Management Inc. Has $2.82 Million Stock Holdings in Vistra Corp. $VST

Oppenheimer Asset Management Inc. raised its position in Vistra Corp. (NYSE:VST) by 91.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,528 shares of the company’s stock after buying an additional 6,940 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Vistra were worth $2,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA grew its holdings in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. HM Payson & Co. grew its holdings in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. City State Bank grew its holdings in Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 105 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Vistra during the 1st quarter worth $34,000. Finally, WPG Advisers LLC acquired a new stake in shares of Vistra during the 1st quarter worth $37,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of VST stock opened at $199.69 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a market cap of $67.66 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.71 and a beta of 1.33. The business has a fifty day simple moving average of $199.55 and a 200 day simple moving average of $181.10.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 20,473 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $203.64, for a total transaction of $4,169,121.72. Following the completion of the sale, the chief executive officer directly owned 298,967 shares in the company, valued at $60,881,639.88. This represents a 6.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 714,269 shares of company stock worth $146,232,604. 1.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VST has been the topic of several analyst reports. Cowen initiated coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Daiwa America raised Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. BMO Capital Markets increased their target price on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Scotiabank initiated coverage on Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price on the stock. Finally, Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $229.93.

Vistra Profile

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.