B. Riley Wealth Advisors Inc. Decreases Stock Position in Vistra Corp. $VST

B. Riley Wealth Advisors Inc. decreased its position in shares of Vistra Corp. (NYSE:VST) by 94.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,471 shares of the company’s stock after selling 38,373 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Vistra were worth $484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Effects LLC lifted its stake in shares of Vistra by 1.1% in the third quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock worth $1,133,000 after acquiring an additional 65 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in Vistra by 4.0% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock worth $333,000 after purchasing an additional 67 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Vistra by 2.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after purchasing an additional 71 shares in the last quarter. Fogel Capital Management Inc. boosted its stake in shares of Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after buying an additional 72 shares during the last quarter. Finally, Forefront Wealth Management Inc. grew its position in shares of Vistra by 6.0% during the third quarter. Forefront Wealth Management Inc. now owns 1,278 shares of the company’s stock worth $250,000 after buying an additional 72 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST opened at $165.58 on Thursday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a fifty day moving average price of $166.65 and a 200 day moving average price of $186.11. The company has a market cap of $56.10 billion, a P/E ratio of 59.78, a PEG ratio of 1.00 and a beta of 1.41.

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

Insider Activity

In other Vistra news, 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 directly owned 306,600 shares of the company’s stock, valued at $51,772,476. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was 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 owned 297,998 shares of the company’s stock, valued at approximately $48,290,575.90. This trade represents a 6.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 166,680 shares of company stock valued at $28,761,790. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VST shares. JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. TD Cowen began coverage on Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price target for the company. Morgan Stanley set a $227.00 price objective on Vistra in a report on Wednesday, January 21st. BMO Capital Markets increased their target price on Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company lowered their price target on Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $239.20.

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.