Everhart Financial Group Inc. Takes Position in Vistra Corp. (NYSE:VST)

Everhart Financial Group Inc. bought a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,887 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Pathway Financial Advisers LLC boosted its stake in 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 in the last quarter. Founders Capital Management bought a new stake in Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the 4th quarter worth about $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 1.2 %

NYSE VST opened at $167.59 on Tuesday. 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 Corp. has a 52 week low of $44.25 and a 52 week high of $199.84. The stock has a market capitalization of $57.02 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The stock has a fifty day moving average of $158.71 and a 200-day moving average of $130.19.

Vistra announced that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, EVP Stephen J. Muscato sold 207,100 shares of the business’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 value of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now owns 343,350 shares in the company, valued at approximately $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 have sold a total of 342,100 shares of company stock valued at $55,087,314 in the last 90 days. 1.42% of the stock is owned by company insiders.

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.