Myriad Asset Management US LP Purchases New Position in Vistra Corp. (NYSE:VST)

Myriad Asset Management US LP bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,979 shares of the company's stock, valued at approximately $962,000.

Other large investors have also bought and sold shares of the company. CWM LLC grew its position in shares of Vistra by 26.8% in the third quarter. CWM LLC now owns 7,158 shares of the company's stock valued at $849,000 after purchasing an additional 1,514 shares in the last quarter. Creative Planning grew its position in shares of Vistra by 33.3% in the third quarter. Creative Planning now owns 31,052 shares of the company's stock valued at $3,681,000 after purchasing an additional 7,753 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Vistra by 6.8% in the third quarter. SeaCrest Wealth Management LLC now owns 5,285 shares of the company's stock valued at $626,000 after purchasing an additional 337 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of Vistra by 86.6% in the third quarter. Harbour Capital Advisors LLC now owns 9,518 shares of the company's stock valued at $1,182,000 after purchasing an additional 4,418 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Vistra by 2.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,685 shares of the company's stock valued at $4,349,000 after purchasing an additional 931 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 115,000 shares of the business's 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 completion of the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 318,287 shares of the company's stock, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock valued at $55,087,314 over the last 90 days. Insiders own 1.42% of the company's stock.

Vistra Price Performance

VST stock traded up $1.55 during mid-day trading on Tuesday, hitting $169.21. 5,957,357 shares of the stock were exchanged, compared to its average volume of 9,102,639. 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 business has a fifty day moving average price of $159.26 and a 200 day moving average price of $130.88. Vistra Corp. has a 12 month low of $45.52 and a 12 month high of $199.84. The stock has a market capitalization of $57.57 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.17 and a beta of 1.22.

Vistra announced that its board has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

VST has been the subject of several recent research reports. UBS Group lifted 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. BMO Capital Markets lifted 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. Morgan Stanley lifted 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. Bank of America assumed coverage on Vistra in a research note on Monday, January 27th. They set a "neutral" rating and a $206.00 price objective for the company. Finally, Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

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.