Forsta AP Fonden Purchases 41,100 Shares of Vistra Corp. (NYSE:VST)

Forsta AP Fonden raised its holdings in shares of Vistra Corp. (NYSE:VSTFree Report) by 92.4% during the fourth quarter, HoldingsChannel reports. The fund owned 85,600 shares of the company’s stock after purchasing an additional 41,100 shares during the quarter. Forsta AP Fonden’s holdings in Vistra were worth $11,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in VST. Avior Wealth Management LLC increased its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Founders Capital Management purchased a new position in Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC bought a new stake in Vistra during the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the 3rd quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in Vistra in the 3rd quarter valued at $30,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 13.6 %

Shares of NYSE VST opened at $176.28 on Friday. The firm has a fifty day simple moving average of $156.12 and a two-hundred day simple moving average of $121.82. The firm has a market capitalization of $59.98 billion, a PE ratio of 32.89, a price-to-earnings-growth 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 12 month low of $40.78 and a 12 month high of $199.84.

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

Vistra announced that its Board of Directors has approved a share repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes 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 leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following 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 SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on Monday, November 25th. The stock was 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 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. Over the last 90 days, insiders sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VST has been the topic of a number of recent analyst reports. Bank of America assumed coverage on Vistra in a research report on Monday. They issued a “neutral” rating and a $206.00 price objective on the stock. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Finally, Guggenheim boosted their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Get Our Latest Stock Report on Vistra

Vistra Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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