Nvwm LLC Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Nvwm LLC decreased its holdings in Vistra Corp. (NYSE:VST) by 17.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,673 shares of the company’s stock after selling 1,773 shares during the period. Nvwm LLC’s holdings in Vistra were worth $1,196,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of VST. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra in the 4th quarter valued at approximately $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra during the fourth quarter valued at approximately $231,000. Empire Life Investments Inc. purchased a new position in Vistra in the 3rd quarter worth approximately $23,028,000. Retirement Systems of Alabama lifted its position in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after acquiring an additional 6,920 shares in the last quarter. Finally, Terra Nova Asset Management LLC purchased a new stake in Vistra during the 3rd quarter valued at $842,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 0.1 %

Shares of VST opened at $168.35 on Wednesday. The business’s 50 day moving average is $156.64 and its 200 day moving average is $124.26. 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 $42.22 and a 12-month high of $199.84. The company has a market capitalization of $57.28 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22.

Vistra (NYSE:VST) last released its earnings results on Thursday, November 7th. The company reported $5.25 EPS for the quarter, topping the consensus estimate of $1.24 by $4.01. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Research analysts expect 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 allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra 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 $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the topic of a number of research reports. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Bank of America initiated coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective for the company. Finally, Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company 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.