PNC Financial Services Group Inc. Raises Stock Holdings in Vistra Corp. $VST

PNC Financial Services Group Inc. grew its position in Vistra Corp. (NYSE:VST) by 35.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,818 shares of the company’s stock after acquiring an additional 12,734 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vistra were worth $9,461,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Banque Transatlantique SA boosted its stake in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the period. City State Bank boosted its stake in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares during the period. Keener Financial Planning LLC purchased a new position in shares of Vistra during the first quarter worth about $34,000. WPG Advisers LLC acquired a new position in Vistra in the 1st quarter valued at about $37,000. Finally, Zions Bancorporation National Association UT acquired a new position in Vistra in the 1st quarter valued at about $39,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 745,845 shares of company stock worth $152,178,104 over the last ninety days. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. The Goldman Sachs Group increased their price target on Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Melius Research raised shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $234.21.

Vistra Stock Up 1.6%

Shares of NYSE VST opened at $174.37 on Friday. The stock has a market capitalization of $59.08 billion, a price-to-earnings ratio of 62.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a 50-day moving average price of $198.04 and a 200 day moving average price of $186.62. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is 32.49%.

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.