Vistra Corp. $VST Shares Newly Purchased by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,509 shares of the company’s stock, valued at approximately $3,529,000. Vistra accounts for approximately 2.8% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Vistra during the second quarter worth about $4,610,496,000. State Street Corp grew its stake in shares of Vistra by 0.5% in the second quarter. State Street Corp now owns 16,850,452 shares of the company’s stock worth $2,672,987,000 after purchasing an additional 79,972 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vistra by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company’s stock worth $516,616,000 after purchasing an additional 32,982 shares during the last quarter. Bank of America Corp DE purchased a new position in Vistra during the 2nd quarter valued at about $468,354,000. Finally, Bank of New York Mellon Corp purchased a new position in Vistra during the 2nd quarter valued at about $381,938,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In other news, CEO James Burke acquired 4,465 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $135.25 per share, with a total value of $603,891.25. Following the transaction, the chief executive officer owned 1,146,352 shares in the company, valued at $155,044,108. The trade was a 0.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Hudson sold 44,444 shares of Vistra stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total value of $6,747,488.08. Following the sale, the executive vice president directly owned 331,137 shares in the company, valued at approximately $50,273,219.34. The trade was a 11.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on VST. BMO Capital Markets lowered their price target on Vistra from $231.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. BNP Paribas Exane set a $255.00 price objective on Vistra in a research report on Wednesday, August 19th. Scotiabank boosted their target price on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $206.00 target price on Vistra in a research note on Wednesday, August 12th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $181.00 target price on shares of Vistra in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $209.24.

Vistra Stock Up 3.5%

NYSE:VST opened at $146.71 on Wednesday. The company has a 50-day moving average price of $145.08 and a 200-day moving average price of $154.05. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $200.73.

Vistra (NYSE:VST) last announced its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Research analysts forecast that Vistra Corp. will post 9.13 earnings per share for the current year.

Vistra Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.