Vistra Corp. $VST Stake Boosted by Emerald Advisers LLC

Emerald Advisers LLC increased its stake in Vistra Corp. (NYSE:VST) by 72.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,411 shares of the company’s stock after purchasing an additional 1,854 shares during the quarter. Emerald Advisers LLC’s holdings in Vistra were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. ELCO Management Co. LLC bought a new stake in shares of Vistra in the 2nd quarter valued at approximately $499,000. Peak Financial Advisors LLC bought a new stake in shares of Vistra in the 2nd quarter valued at approximately $547,000. Envestnet Asset Management Inc. grew its stake in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after buying an additional 57,551 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in shares of Vistra in the 2nd quarter valued at approximately $258,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock valued at $47,000 after buying an additional 381 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Up 4.8%

VST opened at $199.69 on Thursday. The business has a 50 day moving average of $199.55 and a 200-day moving average of $181.10. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of $67.66 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 2.71 and a beta of 1.33. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

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 firm 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, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VST shares. Scotiabank started coverage on Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price for the company. Cowen started coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 target price (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Finally, BMO Capital Markets upped their target price on Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Four 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $229.93.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 714,269 shares of company stock valued at $146,232,604 in the last three months. Corporate insiders own 1.42% of the company’s stock.

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.