Allworth Financial LP Cuts Stake in Vistra Corp. (NYSE:VST)

Allworth Financial LP reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,517 shares of the company’s stock after selling 105 shares during the period. Allworth Financial LP’s holdings in Vistra were worth $180,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VST. Burford Brothers Inc. increased its holdings in shares of Vistra by 5.5% in the third quarter. Burford Brothers Inc. now owns 22,127 shares of the company’s stock worth $2,623,000 after buying an additional 1,163 shares during the period. Cromwell Holdings LLC bought a new position in Vistra during the 3rd quarter worth approximately $79,000. Legacy Capital Group California Inc. purchased a new position in Vistra in the 3rd quarter worth approximately $209,000. Spirit of America Management Corp NY increased its stake in Vistra by 36.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 13,800 shares of the company’s stock worth $1,636,000 after purchasing an additional 3,650 shares during the period. Finally, Values First Advisors Inc. lifted its position in Vistra by 46.2% in the third quarter. Values First Advisors Inc. now owns 5,469 shares of the company’s stock valued at $648,000 after purchasing an additional 1,728 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VST shares. Guggenheim lifted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley raised their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. BNP Paribas initiated coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $145.40.

Vistra Stock Performance

Vistra stock opened at $124.09 on Thursday. Vistra Corp. has a fifty-two week low of $32.34 and a fifty-two week high of $143.87. The stock has a market cap of $43.12 billion, a price-to-earnings ratio of 76.13 and a beta of 1.10. The stock’s 50 day simple moving average is $106.31 and its two-hundred day simple moving average is $91.86. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, analysts expect that Vistra Corp. will post 4.02 earnings per share 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.