Vistra Corp. (NYSE:VST) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its position in Vistra Corp. (NYSE:VST) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,429 shares of the company’s stock after selling 2,407 shares during the quarter. Kestra Investment Management LLC’s holdings in Vistra were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its holdings in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Avior Wealth Management LLC grew its stake in 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 buying an additional 65 shares during the period. Founders Capital Management purchased a new stake in Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the fourth quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 1.2 %

Shares of NYSE:VST opened at $167.59 on Tuesday. The firm has a market cap of $57.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The company has a fifty day simple moving average of $158.71 and a 200 day simple moving average of $130.19. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $44.25 and a 12-month high of $199.84.

Vistra announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Vistra

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 value 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. The trade was a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on VST shares. BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price 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 boosted 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. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Finally, Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.