ELCO Management Co. LLC Acquires Shares of 2,575 Vistra Corp. $VST

ELCO Management Co. LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, Holdings Channel.com reports. The firm acquired 2,575 shares of the company’s stock, valued at approximately $499,000.

Other hedge funds have also bought and sold shares of the company. Amalgamated Bank increased its position in Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock valued at $8,680,000 after acquiring an additional 1,387 shares during the last quarter. Peak Financial Advisors LLC bought a new position in Vistra during the second quarter valued at $547,000. Envestnet Asset Management Inc. increased its position in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock valued at $30,021,000 after acquiring an additional 57,551 shares during the last quarter. Tcfg Wealth Management LLC purchased a new stake in shares of Vistra during the second quarter valued at $258,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Vistra by 2,540.0% in the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock worth $47,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 19,600 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $196.46, for a total value of $3,850,616.00. Following the completion of the sale, the chief executive officer directly owned 297,429 shares of the company’s stock, valued at $58,432,901.34. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 693,796 shares of company stock valued at $142,063,483 over the last ninety days. 1.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VST. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. BMO Capital Markets boosted their price objective on shares of Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Scotiabank started coverage on shares of Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $229.93.

Vistra Stock Down 4.5%

NYSE:VST opened at $190.24 on Wednesday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a 50-day moving average of $199.41 and a 200 day moving average of $180.49. The firm has a market cap of $64.46 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.83 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. As a group, research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.