Vistra Corp. (NYSE:VST) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC trimmed its position in Vistra Corp. (NYSE:VST) by 21.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,637 shares of the company’s stock after selling 438 shares during the period. Stonegate Investment Group LLC’s holdings in Vistra were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VST. Lionsbridge Wealth Management LLC acquired a new position in Vistra in the fourth quarter valued at approximately $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra during the 4th quarter worth approximately $231,000. Empire Life Investments Inc. acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $23,028,000. Retirement Systems of Alabama raised its position in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares during the period. Finally, Terra Nova Asset Management LLC acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $842,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock valued at $55,087,314 in the last three months. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Performance

Shares of NYSE VST opened at $155.35 on Thursday. The stock has a fifty day moving average price of $155.91 and a two-hundred day moving average price of $121.44. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $52.85 billion, a P/E ratio of 28.98, a PEG ratio of 1.77 and a beta of 1.21. Vistra Corp. has a 1 year low of $40.57 and a 1 year high of $199.84.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping the consensus estimate of $1.24 by $4.01. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same period last year, the company posted $1.25 EPS. Research analysts forecast that Vistra Corp. will post 4.48 EPS for the current fiscal year.

Vistra declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VST. UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $171.64.

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.