Vistra Corp. (NYSE:VST) is Beach Investment Counsel Inc. PA’s 3rd Largest Position

Beach Investment Counsel Inc. PA decreased its position in Vistra Corp. (NYSE:VST) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,998 shares of the company’s stock after selling 38,070 shares during the period. Vistra makes up about 5.9% of Beach Investment Counsel Inc. PA’s portfolio, making the stock its 3rd biggest holding. Beach Investment Counsel Inc. PA’s holdings in Vistra were worth $43,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC increased its stake in shares of Vistra by 115.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 29,985 shares of the company’s stock worth $4,134,000 after acquiring an additional 16,048 shares during the period. Riggs Asset Managment Co. Inc. grew its position in Vistra by 52.3% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 15,198 shares of the company’s stock worth $2,129,000 after purchasing an additional 5,219 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Vistra during the 4th quarter valued at about $4,565,000. Greenleaf Trust lifted its holdings in shares of Vistra by 7.0% in the 4th quarter. Greenleaf Trust now owns 17,462 shares of the company’s stock valued at $2,407,000 after buying an additional 1,149 shares during the period. Finally, Five Oceans Advisors acquired a new stake in Vistra during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last three months. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on VST. Morgan Stanley raised their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI assumed 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. JPMorgan Chase & Co. initiated coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Vistra Trading Down 1.4 %

Shares of VST opened at $166.25 on Tuesday. The firm’s fifty day moving average is $156.53 and its two-hundred day moving average is $123.62. The stock has a market cap of $56.56 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.15 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 52-week low of $42.22 and a 52-week high of $199.84.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the previous year, the business posted $1.25 earnings per share. Research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra declared that its board 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About Vistra

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.