Vistra Corp. (NYSE:VST) Stock Holdings Lowered by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd reduced its stake in shares of Vistra Corp. (NYSE:VST) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 160,600 shares of the company’s stock after selling 14,800 shares during the quarter. Vistra accounts for approximately 6.8% of BOCHK Asset Management Ltd’s holdings, making the stock its 4th largest holding. BOCHK Asset Management Ltd’s holdings in Vistra were worth $22,142,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Avior Wealth Management LLC increased its holdings in 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 purchasing an additional 65 shares during the last quarter. Founders Capital Management purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Vistra during the 3rd quarter worth approximately $30,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now 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 legal filing with the SEC, which can be accessed through this link. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by company insiders.

Vistra Trading Up 9.0 %

NYSE:VST opened at $149.41 on Wednesday. Vistra Corp. has a 12-month low of $40.54 and a 12-month high of $199.84. The firm has a market capitalization of $50.83 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.77 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business has a 50 day simple moving average of $155.89 and a 200 day simple moving average of $121.20.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. Equities research analysts predict that Vistra Corp. will post 4.48 EPS for the current year.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on VST shares. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. BNP Paribas started coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Morgan Stanley lifted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. started coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and a consensus 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.