Spinnaker Trust Acquires Shares of 1,673 Vistra Corp. (NYSE:VST)

Spinnaker Trust bought a new stake in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,673 shares of the company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC increased its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after buying an additional 154 shares during the last quarter. Founders Capital Management bought a new stake in shares of Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC purchased a new position in shares of Vistra during the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the 4th quarter worth $28,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of Vistra stock traded up $0.08 on Wednesday, hitting $169.36. 6,160,460 shares of the company traded hands, compared to its average volume of 9,023,012. Vistra Corp. has a 12-month low of $45.52 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. The company has a market cap of $57.62 billion, a P/E ratio of 31.60, a P/E/G ratio of 1.15 and a beta of 1.22. The firm's 50-day simple moving average is $159.26 and its 200 day simple moving average is $130.88.

Vistra declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on VST. Evercore ISI initiated coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America initiated coverage on Vistra in a research note on Monday, January 27th. They set a "neutral" rating and a $206.00 price objective on the stock. Finally, UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $171.64.

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 that occurred 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 completion of the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction that occurred 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 directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 over the last 90 days. Corporate insiders own 1.42% of the company's stock.

About Vistra

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.