Forsta AP Fonden Grows Position in Vistra Corp. (NYSE:VST)

Forsta AP Fonden raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,600 shares of the company's stock after buying an additional 41,100 shares during the quarter. Forsta AP Fonden's holdings in Vistra were worth $11,802,000 at the end of the most recent quarter.

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

Insider Transactions at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction dated 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 sale, the director now owns 343,350 shares of the company's stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 over the last three months. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 4.7 %

VST stock traded down $8.22 during midday trading on Friday, hitting $168.08. The company's stock had a trading volume of 12,153,496 shares, compared to its average volume of 9,147,235. The company has a market cap of $57.18 billion, a PE ratio of 31.36, a P/E/G ratio of 1.05 and a beta of 1.21. The firm's 50-day moving average is $156.24 and its 200-day moving average is $122.39. Vistra Corp. has a 12 month low of $40.78 and a 12 month high of $199.84. 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 (NYSE:VST - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating the consensus estimate of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The company had revenue of $6.29 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same period last year, the firm posted $1.25 earnings per share. On average, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VST shares. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price for the company. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 target price on the stock. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target for the company. Finally, Guggenheim upped their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.