PNC Financial Services Group Inc. Purchases 3,627 Shares of Vistra Corp. $VST

PNC Financial Services Group Inc. increased its position in Vistra Corp. (NYSE:VST) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,445 shares of the company’s stock after purchasing an additional 3,627 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vistra were worth $10,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Salomon & Ludwin LLC bought a new stake in Vistra in the third quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in Vistra in the 3rd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra during the 2nd quarter valued at $28,000. Archer Investment Corp lifted its holdings in Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after purchasing an additional 135 shares during the last quarter. Finally, Anfield Capital Management LLC bought a new position in Vistra during the second quarter worth $29,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 1.8%

Shares of VST stock opened at $170.54 on Thursday. The stock has a market cap of $57.78 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. Vistra Corp. has a 1 year low of $90.51 and a 1 year 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 stock has a 50 day simple moving average of $162.80 and a 200 day simple moving average of $182.30.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 22,251 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total value of $3,605,774.55. Following the transaction, the chief executive officer directly owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 79,854 shares of the company’s stock, valued at $13,842,690.90. The trade was a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore increased their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. KeyCorp assumed coverage on shares of Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Friday, February 6th. Finally, Morgan Stanley set a $227.00 price target on Vistra in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $237.53.

Vistra 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.