Truist Financial Corp Grows Position in Vistra Corp. $VST

Truist Financial Corp grew its holdings in shares of Vistra Corp. (NYSE:VST) by 49.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,915 shares of the company’s stock after acquiring an additional 11,912 shares during the quarter. Truist Financial Corp’s holdings in Vistra were worth $7,036,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VST. Salomon & Ludwin LLC bought a new stake in Vistra during the third quarter valued at approximately $25,000. Quent Capital LLC bought a new position in shares of Vistra in the 3rd quarter worth $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at $28,000. Anfield Capital Management LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at $29,000. Finally, Orion Capital Management LLC bought a new stake in shares of Vistra during the 3rd quarter worth $29,000. 90.88% of the stock is currently owned by institutional investors.

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president owned 306,600 shares in the company, valued at $51,772,476. The trade was a 15.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 166,680 shares of company stock worth $28,761,790 over the last ninety days. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VST. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. KeyCorp began coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price objective for the company. UBS Group increased their price objective on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. dropped their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. Finally, Evercore ISI upped their target price on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $239.20.

Vistra Stock Down 2.5%

VST opened at $154.39 on Tuesday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The business’s 50-day moving average price is $165.81 and its 200-day moving average price is $185.46. The company has a market cap of $52.31 billion, a P/E ratio of 55.74, a P/E/G ratio of 0.96 and a beta of 1.41.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. On average, equities analysts expect that Vistra Corp. will post 7 EPS for the current year.

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.