First Dallas Securities Inc. trimmed its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,337 shares of the company’s stock after selling 1,278 shares during the quarter. Vistra accounts for about 1.4% of First Dallas Securities Inc.’s holdings, making the stock its 18th largest position. First Dallas Securities Inc.’s holdings in Vistra were worth $3,493,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VST. Avior Wealth Management LLC grew its position 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 buying an additional 65 shares in the last quarter. Founders Capital Management purchased a new position in Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC purchased a new position in Vistra during the fourth quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra during the third quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Vistra during the third quarter worth about $30,000. 90.88% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction 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. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was 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 have sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Vistra
Vistra Stock Up 0.3 %
Shares of VST opened at $168.45 on Tuesday. 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 stock’s 50 day moving average is $156.53 and its two-hundred day moving average is $123.62. The firm has a market cap of $57.31 billion, a P/E ratio of 31.43, a PEG ratio of 1.15 and a beta of 1.22. Vistra Corp. has a 12 month low of $42.22 and a 12 month high of $199.84.
Vistra (NYSE:VST – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $4.01. The firm had revenue of $6.29 billion for 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 period in the previous year, the company posted $1.25 earnings per share. Analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.
Vistra declared that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes 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 stock is undervalued.
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.
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