AustralianSuper Pty Ltd Has $55.78 Million Stake in Vistra Corp. (NYSE:VST)

AustralianSuper Pty Ltd grew its position in Vistra Corp. (NYSE:VST - Free Report) by 462.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,580 shares of the company's stock after acquiring an additional 332,700 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.12% of Vistra worth $55,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after acquiring an additional 1,293,974 shares during the last quarter. State Street Corp raised its position in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the last quarter. Rubric Capital Management LP boosted its position in Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after purchasing an additional 797,894 shares during the period. Finally, Castle Hook Partners LP grew its stake in Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after buying an additional 654,568 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the company's 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 transaction, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares of the company's stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VST. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. BMO Capital Markets raised their price target 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. Evercore ISI initiated 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 initiated coverage on Vistra in a research report on Monday, January 27th. They issued a "neutral" rating and a $206.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Vistra has an average rating of "Moderate Buy" and an average price target of $171.64.

Vistra Price Performance

Shares of Vistra stock traded up $1.55 during trading on Tuesday, hitting $169.21. The stock had a trading volume of 5,543,444 shares, compared to its average volume of 9,046,167. The business has a fifty day moving average of $158.71 and a two-hundred day moving average of $130.19. The firm has a market cap of $57.57 billion, a P/E ratio of 31.57, a PEG ratio of 1.17 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $45.52 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra announced that its board has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Vistra 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.