Penserra Capital Management LLC Buys 22,959 Shares of Vistra Corp. $VST

Penserra Capital Management LLC boosted its position in Vistra Corp. (NYSE:VST) by 76,530.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,989 shares of the company’s stock after purchasing an additional 22,959 shares during the quarter. Penserra Capital Management LLC’s holdings in Vistra were worth $4,503,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Vistra during the 3rd quarter worth approximately $25,000. Quent Capital LLC purchased a new position in Vistra in the third quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Vistra during the second quarter worth $28,000. Archer Investment Corp increased its position in shares of Vistra by 2,700.0% during the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares in the last quarter. Finally, Anfield Capital Management LLC purchased a new stake in shares of Vistra during the 2nd quarter valued at $29,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Vistra from $238.00 to $236.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Scotiabank boosted their price target on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. KeyCorp began coverage on shares of Vistra in a research report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. cut 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. Three 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’s stock. Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $239.20.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total value 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. The trade was a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $173.35, for a total value of $1,424,763.65. Following the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 166,680 shares of company stock valued at $28,761,790. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $142.90 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company’s 50 day moving average is $164.08 and its 200 day moving average is $184.59. 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 company has a market cap of $48.42 billion, a PE ratio of 51.59, a price-to-earnings-growth ratio of 0.86 and a beta of 1.40.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. On average, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current year.

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.