Vistra Corp. (NYSE:VST) Stake Reduced by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its stake in Vistra Corp. (NYSE:VST) by 26.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,733 shares of the company’s stock after selling 617 shares during the quarter. Cidel Asset Management Inc.’s holdings in Vistra were worth $239,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the period. State Street Corp boosted its position in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after buying an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its holdings in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP increased its position in Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares during the period. Finally, Castle Hook Partners LP raised its stake in Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. BMO Capital Markets raised 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. UBS Group boosted their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Stock Performance

VST opened at $166.71 on Friday. The business has a fifty day simple moving average of $157.42 and a 200-day simple moving average of $125.83. The firm has a market cap of $56.72 billion, a PE ratio of 31.10, a P/E/G ratio of 1.17 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a fifty-two week low of $42.22 and a fifty-two week high of $199.84.

Vistra (NYSE:VST) last posted its quarterly earnings data 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 return on equity of 57.63% and a net margin of 12.51%. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the company earned $1.25 EPS. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra announced that its Board of Directors has approved 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 buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the director now 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 have sold a total of 342,100 shares of company stock valued at $55,087,314 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

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.