G&S Capital LLC Purchases New Stake in Vistra Corp. (NYSE:VST)

G&S Capital LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,050 shares of the company’s stock, valued at approximately $283,000.

Several other institutional investors have also recently bought and sold shares of the business. Tranquility Partners LLC bought a new position in Vistra in the 4th quarter valued at about $316,000. Hidden Cove Wealth Management LLC purchased a new stake in shares of Vistra in the fourth quarter worth approximately $1,770,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Vistra in the fourth quarter valued at approximately $1,177,000. Allspring Global Investments Holdings LLC boosted its position in shares of Vistra by 176.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 650,816 shares of the company’s stock valued at $97,285,000 after buying an additional 415,618 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC bought a new stake in Vistra during the fourth quarter worth $227,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last 90 days. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $166.51 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a fifty day simple moving average of $158.07 and a two-hundred day simple moving average of $127.85. Vistra Corp. has a 1-year low of $42.34 and a 1-year high of $199.84. The firm has a market cap of $56.65 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22.

Vistra declared that its board has approved a share buyback program 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 programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Bank of America started coverage on Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and a consensus price target of $171.64.

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.