State of Alaska Department of Revenue Trims Position in Vistra Corp. (NYSE:VST)

State of Alaska Department of Revenue reduced its position in Vistra Corp. (NYSE:VST) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,795 shares of the company’s stock after selling 1,130 shares during the period. State of Alaska Department of Revenue’s holdings in Vistra were worth $5,348,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Founders Capital Management purchased a new position in Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra during the 3rd quarter valued at $30,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra during the 3rd quarter worth $30,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST stock opened at $166.71 on Friday. The company has a market capitalization of $56.72 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.15 and a beta of 1.22. Vistra Corp. has a 1-year low of $42.22 and a 1-year high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock’s fifty day simple moving average is $157.28 and its 200-day simple moving average is $124.91.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) 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 earned $1.25 earnings per share. On average, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra announced that its board has authorized a share buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of research reports. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. BNP Paribas assumed coverage on shares of Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by insiders.

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.