C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $1.18 Million Investment in Vistra Corp. (NYSE:VST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, Holdings Channel.com reports. The fund purchased 9,225 shares of the company’s stock, valued at approximately $1,177,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VST. Creative Planning increased its stake in Vistra by 33.3% during the third quarter. Creative Planning now owns 31,052 shares of the company’s stock worth $3,681,000 after purchasing an additional 7,753 shares during the period. Raymond James & Associates increased its stake in Vistra by 17.8% during the third quarter. Raymond James & Associates now owns 625,298 shares of the company’s stock worth $74,123,000 after purchasing an additional 94,268 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Vistra by 43.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 235,198 shares of the company’s stock worth $27,880,000 after purchasing an additional 70,780 shares during the period. Foundations Investment Advisors LLC purchased a new stake in Vistra during the third quarter worth about $216,000. Finally, Signaturefd LLC increased its stake in Vistra by 12.6% during the third quarter. Signaturefd LLC now owns 2,604 shares of the company’s stock worth $309,000 after purchasing an additional 292 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group upped their target price 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. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley upped their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. 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. Finally, Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Activity at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last three months. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of VST opened at $169.21 on Wednesday. The stock has a 50 day moving average price of $159.26 and a 200 day moving average price of $130.88. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $57.57 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. Vistra Corp. has a 52-week low of $45.52 and a 52-week high of $199.84.

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

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.