Journey Strategic Wealth LLC Decreases Position in Vistra Corp. (NYSE:VST)

Journey Strategic Wealth LLC lowered its position in shares of Vistra Corp. (NYSE:VST) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,499 shares of the company’s stock after selling 3,130 shares during the period. Journey Strategic Wealth LLC’s holdings in Vistra were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VST. State Street Corp raised its stake in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA lifted 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 acquiring an additional 1,293,974 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Castle Hook Partners LP raised its holdings in shares of Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Finally, Rubric Capital Management LP boosted its holdings in Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after purchasing an additional 797,894 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the business’s 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 in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently owned by corporate insiders.

Vistra Price Performance

NYSE:VST opened at $168.08 on Monday. The business’s 50-day simple moving average is $156.24 and its two-hundred day simple moving average is $122.97. Vistra Corp. has a 52 week low of $40.78 and a 52 week high of $199.84. The stock has a market cap of $57.18 billion, a PE ratio of 31.36, a P/E/G 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 (NYSE:VST) last issued its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the company earned $1.25 EPS. As a group, analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra announced that its Board of Directors has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on VST shares. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Bank of America began coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. UBS Group raised their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 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 on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vistra presently has an average 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.