AE Wealth Management LLC Trims Stock Position in Vistra Corp. $VST

AE Wealth Management LLC trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 25.3% in the third quarter, HoldingsChannel reports. The firm owned 87,444 shares of the company’s stock after selling 29,584 shares during the period. AE Wealth Management LLC’s holdings in Vistra were worth $17,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VST. Ballentine Partners LLC increased its position in Vistra by 2.0% during the third quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after buying an additional 63 shares in the last quarter. Wealth Effects LLC boosted its stake in shares of Vistra by 1.1% during the third quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock valued at $1,133,000 after acquiring an additional 65 shares during the last quarter. Guardian Asset Advisors LLC increased its position in Vistra by 3.0% during the 3rd quarter. Guardian Asset Advisors LLC now owns 2,281 shares of the company’s stock worth $447,000 after purchasing an additional 66 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in Vistra by 4.0% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after purchasing an additional 67 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in 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 during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, EVP Stephanie Zapata Moore sold 8,219 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 79,854 shares in the company, valued at approximately $13,842,690.90. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James A. Burke sold 22,251 shares of Vistra 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 transaction, the chief executive officer directly owned 297,998 shares in the company, valued at approximately $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 have sold a total of 166,680 shares of company stock worth $28,761,790 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target 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. BMO Capital Markets upped their price objective on shares of Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Evercore ISI raised their target price on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Bank of America cut their price target on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, TD Cowen assumed coverage on Vistra in a research note on Thursday, October 16th. They set a “buy” rating and a $250.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $239.20.

Vistra Trading Down 1.9%

Shares of VST opened at $162.41 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market capitalization of $55.03 billion, a P/E ratio of 58.63, a price-to-earnings-growth ratio of 1.00 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The stock’s fifty day simple moving average is $166.43 and its 200 day simple moving average is $185.94.

Vistra (NYSE:VST) last posted its quarterly 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). The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. On average, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

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.