Parsons Capital Management Inc. RI Sells 830 Shares of Vistra Corp. (NYSE:VST)

Parsons Capital Management Inc. RI trimmed its position in Vistra Corp. (NYSE:VST) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,670 shares of the company’s stock after selling 830 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Vistra were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its stake in Vistra by 56.5% during the fourth 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 raised its stake in Vistra by 3.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after acquiring an additional 73 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after acquiring an additional 80 shares during the period. Umpqua Bank grew its holdings in shares of Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after purchasing an additional 81 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s 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. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock valued at $55,087,314 over the last three months. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $149.41 on Wednesday. The company has a market cap of $50.83 billion, a PE ratio of 27.87, a PEG ratio of 1.77 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1 year low of $40.54 and a 1 year high of $199.84. The company’s 50-day moving average is $155.89 and its two-hundred day moving average is $121.20.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $1.24 by $4.01. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same period in the prior year, the business posted $1.25 earnings per share. Equities analysts anticipate that Vistra Corp. will post 4.48 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of research firms have commented on VST. Bank of America started coverage on shares of Vistra in a research report on Monday. They issued a “neutral” rating and a $206.00 price target on the stock. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Royal Bank of Canada boosted their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, 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 target on the stock. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.