Ashton Thomas Private Wealth LLC Purchases 719 Shares of Vistra Corp. $VST

Ashton Thomas Private Wealth LLC increased its position in Vistra Corp. (NYSE:VST) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,987 shares of the company’s stock after purchasing an additional 719 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Vistra were worth $1,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VST. Nuveen LLC bought a new stake in shares of Vistra in the 1st quarter valued at about $209,149,000. Assenagon Asset Management S.A. raised its holdings in shares of Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock valued at $167,755,000 after purchasing an additional 830,111 shares during the period. Fred Alger Management LLC raised its holdings in shares of Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after purchasing an additional 492,765 shares during the period. 140 Summer Partners LP bought a new stake in shares of Vistra in the 1st quarter valued at about $56,876,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Vistra by 52.2% in the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock valued at $109,761,000 after purchasing an additional 323,264 shares during the period. 90.88% of the stock is owned by institutional investors.

Insider Activity

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 714,269 shares of company stock worth $146,232,604. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of NYSE:VST opened at $199.69 on Thursday. The company’s 50 day moving average price is $199.55 and its two-hundred day moving average price is $181.10. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm has a market cap of $67.66 billion, a PE ratio of 31.85, a PEG ratio of 2.71 and a beta of 1.33. 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 announced its 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). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Equities research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Cowen assumed coverage on shares of Vistra in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. TD Cowen assumed coverage on shares of Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price target on the stock. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. The Goldman Sachs Group upped their price target on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, Scotiabank assumed coverage on shares of Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target on the stock. Four 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 stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $229.93.

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.