Vistra Corp. (NYSE:VST) Stock Position Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of Vistra Corp. (NYSE:VST) by 191.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,460 shares of the company’s stock after acquiring an additional 4,240 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Vistra were worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VST. Lionsbridge Wealth Management LLC bought a new stake in Vistra during the fourth quarter worth approximately $277,000. Dakota Wealth Management bought a new stake in shares of Vistra in the 4th quarter worth $231,000. Empire Life Investments Inc. acquired a new stake in shares of Vistra in the third quarter valued at $23,028,000. Retirement Systems of Alabama lifted its holdings in shares of Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the period. Finally, Terra Nova Asset Management LLC acquired a new position in Vistra during the third quarter worth about $842,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Finally, Bank of America assumed coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Stock Performance

Shares of Vistra stock opened at $168.33 on Tuesday. The stock has a market cap of $57.27 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 12 month low of $42.22 and a 12 month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business has a fifty day simple moving average of $157.70 and a 200-day simple moving average of $126.90.

Vistra announced that its board has authorized a share buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase 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.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the 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 completion of the sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by company insiders.

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.