NewEdge Wealth LLC Buys 8,962 Shares of Vistra Corp. $VST

NewEdge Wealth LLC lifted its position in Vistra Corp. (NYSE:VST) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,167 shares of the company’s stock after acquiring an additional 8,962 shares during the period. Vistra makes up approximately 0.9% of NewEdge Wealth LLC’s holdings, making the stock its 16th biggest holding. NewEdge Wealth LLC’s holdings in Vistra were worth $64,045,000 at the end of the most recent reporting period.

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

Vistra Trading Down 1.8%

NYSE VST opened at $170.54 on Thursday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock’s 50 day moving average price is $162.80 and its two-hundred day moving average price is $182.30. The stock has a market capitalization of $57.78 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 1.05 and a beta of 1.40.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VST shares. BMO Capital Markets increased their price target on Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Friday, February 6th. Jefferies Financial Group raised Vistra from a “hold” rating to a “buy” rating and increased their target price for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Finally, Evercore upped their price target on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus target price of $237.53.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 22,251 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the transaction, the chief executive officer directly owned 297,998 shares in the company, valued at $48,290,575.90. This represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $173.35, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 1.42% of the company’s stock.

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.