PNC Financial Services Group Inc. Has $10.28 Million Holdings in Vistra Corp. $VST

PNC Financial Services Group Inc. raised its stake in Vistra Corp. (NYSE:VST) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,445 shares of the company’s stock after buying an additional 3,627 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vistra were worth $10,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. State Street Corp boosted its stake in Vistra by 1.4% during the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company’s stock worth $3,228,880,000 after acquiring an additional 226,514 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 15.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after purchasing an additional 930,912 shares during the period. Norges Bank acquired a new stake in Vistra in the second quarter worth $930,080,000. Invesco Ltd. boosted its position in shares of Vistra by 25.2% during the second quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after purchasing an additional 913,350 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Vistra by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,344,142 shares of the company’s stock valued at $459,264,000 after buying an additional 16,321 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of VST opened at $170.54 on Thursday. 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 twelve month low of $90.51 and a twelve month high of $219.82. The stock has a market capitalization of $57.78 billion, a P/E ratio of 61.57, a P/E/G ratio of 1.05 and a beta of 1.40. The company has a 50 day moving average of $162.80 and a 200-day moving average of $182.30.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the transaction, the executive vice president directly owned 79,854 shares in the company, valued at $13,842,690.90. This represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James A. Burke sold 22,251 shares of Vistra stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total value of $3,605,774.55. Following the completion of the sale, the chief executive officer directly owned 297,998 shares in the company, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on VST. Morgan Stanley set a $227.00 price objective on Vistra in a research note on Wednesday, January 21st. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Friday, February 6th. BMO Capital Markets boosted their price objective on Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Wells Fargo & Company dropped their target price on shares of Vistra from $238.00 to $236.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and lifted their price target for the company from $191.00 to $203.00 in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $237.53.

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.