Montag A & Associates Inc. increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 119.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,354 shares of the company's stock after purchasing an additional 14,328 shares during the period. Montag A & Associates Inc.'s holdings in Vistra were worth $3,633,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC increased its position in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. 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 purchasing an additional 65 shares during the period. Founders Capital Management bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC bought a new stake in Vistra in the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra in the fourth quarter valued at $28,000. 90.88% of the stock is currently owned by institutional investors.
Vistra Price Performance
Shares of VST stock traded up $0.08 during trading hours on Wednesday, hitting $169.36. 6,169,985 shares of the company's stock were exchanged, compared to its average volume of 9,023,012. The stock's 50-day moving average is $159.26 and its 200-day moving average is $130.88. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a market cap of $57.62 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. Vistra Corp. has a 52 week low of $45.52 and a 52 week high of $199.84.
Vistra declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
Insider Transactions at Vistra
In other news, EVP Stephen J. Muscato sold 207,100 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares of the company's stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company's 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 transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 342,100 shares of company stock worth $55,087,314. Insiders own 1.42% of the company's stock.
Wall Street Analysts Forecast Growth
VST has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America initiated coverage on Vistra in a research report on Monday, January 27th. They issued a "neutral" rating and a $206.00 price target on the stock. Evercore ISI initiated coverage on Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Morgan Stanley upped their price target on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, UBS Group upped their price target on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.64.
Read Our Latest Analysis on VST
About Vistra
(
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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