Avidian Wealth Enterprises LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Avidian Wealth Enterprises LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,644 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds have also bought and sold shares of VST. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra during the 4th quarter worth about $277,000. Dakota Wealth Management bought a new stake in Vistra in the fourth quarter worth about $231,000. Empire Life Investments Inc. purchased a new position in shares of Vistra during the third quarter valued at approximately $23,028,000. Retirement Systems of Alabama grew its stake in shares of Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the last quarter. Finally, First Sabrepoint Capital Management LP purchased a new stake in shares of Vistra in the third quarter worth approximately $17,781,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on VST shares. BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Bank of America started coverage on shares of Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective for the company. 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. Finally, 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 price target for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Vistra Stock Up 1.2 %

Shares of NYSE VST opened at $167.59 on Friday. The stock has a market capitalization of $57.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $44.25 and a 12-month high of $199.84. The stock’s fifty day simple moving average is $158.32 and its two-hundred day simple moving average is $128.78.

Vistra declared that its Board of Directors has approved a stock 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 often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction 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 transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their position. 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 quarter. 1.42% of the stock is owned by corporate 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.