Prairie Wealth Advisors Inc. Grows Stock Position in Vistra Corp. $VST

Prairie Wealth Advisors Inc. lifted its stake in shares of Vistra Corp. (NYSE:VST) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,191 shares of the company’s stock after purchasing an additional 484 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in Vistra were worth $812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ELCO Management Co. LLC acquired a new position in Vistra during the second quarter worth $499,000. Peak Financial Advisors LLC acquired a new position in Vistra during the second quarter worth $547,000. Envestnet Asset Management Inc. grew its holdings in Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after purchasing an additional 57,551 shares during the last quarter. Tcfg Wealth Management LLC acquired a new stake in Vistra in the second quarter valued at $258,000. Finally, Golden State Wealth Management LLC grew its holdings in Vistra by 2,540.0% in the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock valued at $47,000 after purchasing an additional 381 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several research reports. TD Cowen initiated coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price on the stock. Melius initiated coverage on Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price on the stock. Cowen began coverage on Vistra in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. BMO Capital Markets increased their price objective on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company began coverage on Vistra in a research note on Monday. They set an “overweight” rating and a $238.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $229.93.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 714,269 shares of company stock worth $146,232,604 in the last quarter. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Up 4.8%

VST opened at $199.69 on Thursday. The business’s fifty day simple moving average is $199.55 and its 200 day simple moving average is $181.10. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a market cap of $67.66 billion, a P/E ratio of 31.85, a PEG ratio of 2.71 and a beta of 1.33. 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 (NYSE:VST) last released its earnings results 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 analysts’ expectations of $5.15 billion. As a group, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Company 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.