Denali Advisors LLC Has $7.59 Million Stock Holdings in Vistra Corp. $VST

Denali Advisors LLC reduced its position in shares of Vistra Corp. (NYSE:VST) by 24.3% during the third quarter, Holdings Channel reports. The institutional investor owned 38,719 shares of the company’s stock after selling 12,400 shares during the period. Vistra comprises about 0.9% of Denali Advisors LLC’s portfolio, making the stock its 26th largest holding. Denali Advisors LLC’s holdings in Vistra were worth $7,586,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Vistra by 1.4% during the second quarter. State Street Corp now owns 16,660,027 shares of the company’s stock worth $3,228,880,000 after purchasing an additional 226,514 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 15.1% during 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 buying an additional 930,912 shares during the last quarter. Norges Bank acquired a new position in Vistra during the second quarter worth $930,080,000. Invesco Ltd. lifted its stake in shares of Vistra by 25.2% in the second quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after buying 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% during the third 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 last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VST shares. BMO Capital Markets upped their target price on shares of Vistra from $230.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Friday, February 6th. Scotiabank lifted their target price on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Evercore increased their price target on Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Bank of America dropped their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Three 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $237.53.

Vistra Stock Performance

Shares of VST opened at $171.43 on Monday. The stock has a 50 day moving average of $162.42 and a 200 day moving average of $182.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a market capitalization of $58.08 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 1.03 and a beta of 1.41.

Insider Transactions at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the firm’s 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 completion of the sale, the chief executive officer owned 297,998 shares in the company, valued at $48,290,575.90. This trade represents a 6.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephanie Zapata Moore sold 8,219 shares of Vistra stock in a transaction that occurred on Monday, November 24th. The stock was 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. This trade represents a 9.33% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by insiders.

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.