United Asset Strategies Inc. Takes Position in Vistra Corp. (NYSE:VST)

United Asset Strategies Inc. purchased a new position in shares of Vistra Corp. (NYSE:VST) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,747 shares of the company’s stock, valued at approximately $1,274,000.

A number of other institutional investors have also added to or reduced their stakes in VST. Redwood Wealth Management Group LLC acquired a new position in Vistra during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the third quarter worth approximately $30,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra in the first quarter valued at approximately $32,000. CVA Family Office LLC grew its holdings in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in shares of Vistra in the second quarter valued at approximately $34,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VST has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. UBS Group dropped their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group increased their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $145.40.

Vistra Trading Down 0.9 %

Shares of NYSE:VST traded down $1.09 on Thursday, reaching $123.02. 1,182,186 shares of the company traded hands, compared to its average volume of 6,882,054. The business’s 50-day simple moving average is $106.31 and its 200 day simple moving average is $91.86. Vistra Corp. has a 52 week low of $32.34 and a 52 week high of $143.87. The stock has a market capitalization of $42.74 billion, a P/E ratio of 76.09 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period last year, the business posted $1.03 earnings per share. As a group, equities analysts anticipate that Vistra Corp. will post 4.02 EPS for the current fiscal year.

About Vistra

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.