Vistra Corp. (NYSE:VST) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in Vistra Corp. (NYSE:VST) by 53.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,638 shares of the company’s stock after buying an additional 1,970 shares during the period. Bleakley Financial Group LLC’s holdings in Vistra were worth $777,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its holdings in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC boosted its holdings in Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares in the last quarter. Forum Financial Management LP increased its stake in Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank raised its holdings in Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after buying an additional 81 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company’s stock.

Vistra Stock Down 1.9 %

Shares of Vistra stock opened at $166.71 on Monday. Vistra Corp. has a one year low of $42.22 and a one year high of $199.84. The company has a market cap of $56.72 billion, a P/E ratio of 31.10, a PEG ratio of 1.17 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a fifty day moving average of $157.42 and a two-hundred day moving average of $126.21.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the company posted $1.25 earnings per share. On average, analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VST shares. BNP Paribas began coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price on the stock. JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. BMO Capital Markets lifted their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group upped their target price 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 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. 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 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.