Transcend Capital Advisors LLC Purchases New Shares in Vistra Corp. $VST

Transcend Capital Advisors LLC bought a new stake in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,618 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Transatlantique SA increased its stake in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the period. HM Payson & Co. grew its stake in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after purchasing an additional 168 shares during the period. City State Bank grew its stake in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Vistra during the first quarter worth $34,000. Finally, WPG Advisers LLC acquired a new stake in shares of Vistra during the first quarter worth $37,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VST. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Melius Research raised Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price objective on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $229.93.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 714,269 shares of company stock worth $146,232,604 in the last 90 days. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST stock opened at $199.69 on Thursday. The business’s 50-day moving average price is $199.55 and its two-hundred day moving average price is $181.10. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm has a market cap of $67.66 billion, a PE ratio of 31.85, a P/E/G ratio of 2.71 and a beta of 1.33. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

About Vistra

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.