C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Shares in Vistra Corp. (NYSE:VST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,225 shares of the company’s stock, valued at approximately $1,177,000.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Founders Capital Management bought a new position in shares of Vistra in the fourth quarter worth $28,000. West Branch Capital LLC acquired a new position in Vistra in the fourth quarter valued at about $28,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Vistra during the fourth quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the 3rd quarter valued at about $30,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 0.5 %

Shares of NYSE VST opened at $165.72 on Friday. The firm has a 50 day moving average price of $158.17 and a two-hundred day moving average price of $128.11. The stock has a market cap of $56.38 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 52-week low of $43.99 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 342,100 shares of company stock valued at $55,087,314 over the last 90 days. 1.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, UBS Group increased their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.