Assetmark Inc. Lowers Stock Holdings in Vistra Corp. $VST

Assetmark Inc. lowered its stake in Vistra Corp. (NYSE:VST) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,346,583 shares of the company’s stock after selling 102,354 shares during the period. Assetmark Inc.’s holdings in Vistra were worth $263,823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in Vistra in the 3rd quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in shares of Vistra in the 3rd quarter worth about $25,000. Archer Investment Corp increased 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 acquiring an additional 135 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Vistra during the 2nd quarter worth about $28,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $29,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on VST shares. Evercore upped their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company cut their price objective on Vistra from $238.00 to $236.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Morgan Stanley set a $227.00 target price on Vistra in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. Finally, KeyCorp began coverage on Vistra in a report on Monday, November 24th. They set an “overweight” rating and a $217.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $237.53.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 8,219 shares of the company’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 in the company, valued at approximately $13,842,690.90. This represents a 9.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James A. Burke sold 22,251 shares of the stock in a transaction that occurred on 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 owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This trade represents a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $163.02 on Friday. The company has a market cap of $55.24 billion, a P/E ratio of 58.85, a PEG ratio of 0.96 and a beta of 1.40. The business has a 50 day moving average of $162.34 and a two-hundred day moving average of $183.34. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

About Vistra

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.