Strategic Financial Concepts LLC Takes Position in Vistra Corp. (NYSE:VST)

Strategic Financial Concepts LLC purchased a new position in Vistra Corp. (NYSE:VST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,455 shares of the company’s stock, valued at approximately $3,785,000.

Several other hedge funds have also recently made changes to their positions in VST. Avior Wealth Management LLC grew its position in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Galvin Gaustad & Stein LLC boosted its stake in shares of Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after buying an additional 73 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after acquiring an additional 80 shares during the period. Umpqua Bank increased its position in Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock valued at $448,000 after acquiring an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after acquiring an additional 81 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of Vistra 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 directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 in the last three months. 1.42% of the stock is owned by company insiders.

Analyst Ratings Changes

VST has been the subject of a number of recent research reports. UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Morgan Stanley increased their price target 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. Evercore ISI began 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. Finally, BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Trading Down 1.9 %

Shares of Vistra stock opened at $166.71 on Monday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a fifty day moving average of $157.42 and a 200 day moving average of $126.21. The company has a market capitalization of $56.72 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.17 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $42.22 and a fifty-two week high of $199.84.

Vistra (NYSE:VST) last released its quarterly earnings data 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. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra announced that its board has approved a share repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are 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.