Seascape Capital Management Reduces Holdings in Vistra Corp. (NYSE:VST)

Seascape Capital Management decreased its position in shares of Vistra Corp. (NYSE:VST) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,649 shares of the company’s stock after selling 84 shares during the quarter. Seascape Capital Management’s holdings in Vistra were worth $227,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Founders Capital Management purchased a new position in shares of Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC purchased a new position in shares of Vistra during the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

VST stock opened at $167.59 on Friday. The firm has a 50 day moving average of $158.32 and a 200-day moving average of $129.20. Vistra Corp. has a 12-month low of $44.25 and a 12-month 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 company has a market cap of $57.02 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.17 and a beta of 1.22.

Vistra declared that its Board of Directors 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 often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of a number of research reports. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

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.