Fifth Third Bancorp Raises Holdings in Vistra Corp. $VST

Fifth Third Bancorp boosted its stake in Vistra Corp. (NYSE:VST) by 8.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,656 shares of the company’s stock after buying an additional 5,439 shares during the quarter. Fifth Third Bancorp’s holdings in Vistra were worth $13,647,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 8,219 shares of the business’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 transaction of $1,424,763.65. Following the completion of the sale, the executive vice president directly owned 79,854 shares in the company, valued at $13,842,690.90. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research note on Monday, December 29th. Scotiabank increased 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. UBS Group raised their price objective on Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Bank of America dropped their target price on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, Morgan Stanley set a $227.00 price target on Vistra in a research note on Wednesday, January 21st. 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. According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average target price of $237.53.

Vistra Price Performance

Shares of Vistra stock opened at $171.43 on Tuesday. The business’s fifty day moving average price is $162.53 and its 200 day moving average price is $182.63. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. 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 has a market capitalization of $58.08 billion, a P/E ratio of 61.89, a PEG ratio of 1.03 and a beta of 1.41.

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.