Vistra Corp. $VST Stock: Oppenheimer & Co. Inc. Reduces Holdings

Oppenheimer & Co. Inc. reduced its stake in Vistra Corp. (NYSE:VST) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,450 shares of the company’s stock after selling 3,619 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vistra were worth $11,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in VST. BlackRock Inc. acquired a new position in Vistra in the 2nd quarter valued at $4,610,496,000. State Street Corp grew its holdings in shares of Vistra by 0.5% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vistra by 1.0% during the 1st 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 in the last quarter. Bank of America Corp DE bought a new position in shares of Vistra in the second quarter worth $468,354,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Vistra in the second quarter worth $381,938,000. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Vistra

In related news, CEO James A. Burke bought 4,465 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $135.25 per share, with a total value of $603,891.25. Following the completion of the acquisition, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at $155,044,108. The trade was a 0.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Hudson sold 44,444 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the completion of the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is currently owned by corporate insiders.

Vistra Price Performance

Vistra stock opened at $146.71 on Wednesday. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $200.73. The stock has a fifty day moving average of $145.08 and a 200-day moving average of $154.05.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. On average, sell-side analysts anticipate that Vistra Corp. will post 9.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VST. Williams Trading set a $202.00 price target on Vistra in a research note on Friday, October 2nd. BNP Paribas Exane set a $255.00 target price on shares of Vistra in a report on Wednesday, August 19th. Canadian Imperial Bank of Commerce began coverage on shares of Vistra in a report on Thursday, October 15th. They issued an “outperform” rating and a $201.00 target price on the stock. UBS Group set a $176.00 target price on shares of Vistra in a research report on Wednesday, October 21st. Finally, HSBC started coverage on shares of Vistra in a report on Thursday, October 22nd. They set a “buy” rating and a $190.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.24.

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.