Aveo Capital Partners LLC Takes $253,000 Position in Vistra Corp. (NYSE:VST)

Aveo Capital Partners LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,834 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its stake in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management purchased a new position in shares of Vistra in the fourth quarter valued at approximately $28,000. West Branch Capital LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated 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 transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $167.59 on Monday. The firm has a market cap of $57.02 billion, a price-to-earnings 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. The company’s 50-day moving average is $158.32 and its two-hundred day moving average is $129.55. Vistra Corp. has a 12-month low of $44.25 and a 12-month high of $199.84.

Vistra declared that its board has approved a stock buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VST. 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. Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley upped their price target 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. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Vistra currently has a consensus rating of “Moderate Buy” and an average price target 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.