1,644 Shares in Vistra Corp. (NYSE:VST) Acquired by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC bought a new position in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,644 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake 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 last quarter. Founders Capital Management purchased a new position in Vistra during the fourth quarter valued at $28,000. West Branch Capital LLC bought a new stake in Vistra during the fourth quarter valued at about $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the fourth quarter valued at about $28,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Vistra in the third quarter worth about $30,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 1.2 %

Shares of VST stock opened at $167.59 on Friday. 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 has a market capitalization of $57.02 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 12-month low of $44.25 and a 12-month high of $199.84. The stock’s 50-day moving average price is $158.32 and its 200-day moving average price is $128.78.

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

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the 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 transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 318,287 shares in the company, 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. Insiders have sold a total of 342,100 shares of company stock valued at $55,087,314 in the last quarter. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VST shares. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. UBS Group increased their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Bank of America started coverage on Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. Finally, BMO Capital Markets boosted 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’s stock. According to data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Company 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.