Field & Main Bank Increases Stock Position in Vistra Corp. $VST

Field & Main Bank raised its position in shares of Vistra Corp. (NYSE:VST) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,085 shares of the company’s stock after buying an additional 145 shares during the quarter. Field & Main Bank’s holdings in Vistra were worth $210,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. ELCO Management Co. LLC purchased a new position in shares of Vistra in the 2nd quarter worth about $499,000. Peak Financial Advisors LLC purchased a new position in shares of Vistra in the 2nd quarter worth about $547,000. Envestnet Asset Management Inc. raised its position in Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after buying an additional 57,551 shares during the last quarter. Tcfg Wealth Management LLC purchased a new position in Vistra in the 2nd quarter worth about $258,000. Finally, Golden State Wealth Management LLC raised its position in Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock worth $47,000 after buying an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VST. BMO Capital Markets boosted 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. Cowen began coverage on Vistra in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. TD Cowen began coverage on Vistra in a research report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price for the company. UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Four 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. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $229.93.

Insider Transactions at Vistra

In related news, CEO James A. Burke sold 20,473 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $203.64, for a total value of $4,169,121.72. Following the completion of the sale, the chief executive officer directly owned 298,967 shares of the company’s stock, valued at approximately $60,881,639.88. This represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 714,269 shares of company stock valued at $146,232,604. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 4.8%

Vistra stock opened at $199.69 on Thursday. The business has a 50-day simple moving average of $199.55 and a two-hundred day simple moving average of $181.10. 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. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. 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 quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Analysts predict that Vistra Corp. will post 7 EPS for the current year.

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.