Assetmark Inc. Trims Stock Position in Vistra Corp. $VST

Assetmark Inc. decreased its stake in Vistra Corp. (NYSE:VST) by 7.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,346,583 shares of the company’s stock after selling 102,354 shares during the quarter. Assetmark Inc. owned approximately 0.40% of Vistra worth $263,823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in Vistra in the 3rd quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of Vistra in the third quarter valued at approximately $25,000. Archer Investment Corp raised its stake in shares of Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Vistra during the 2nd quarter valued at approximately $28,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Vistra during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, CEO James A. Burke sold 22,251 shares of the firm’s stock in a transaction on 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the company’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 completion of the transaction, the executive vice president directly owned 79,854 shares of the company’s stock, valued at $13,842,690.90. This trade represents a 9.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price target on shares of Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Evercore lifted their target price on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company dropped their price target on Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Finally, Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and upped their price objective for the company from $191.00 to $203.00 in a report on Tuesday. Three equities 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. According to MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $237.53.

Vistra Price Performance

Shares of NYSE VST opened at $163.02 on Friday. 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 company has a market cap of $55.24 billion, a price-to-earnings ratio of 58.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The stock’s 50-day moving average is $162.34 and its two-hundred day moving average is $183.34. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

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.