Strategic Financial Concepts LLC Takes $3.79 Million Position in Vistra Corp. (NYSE:VST)

Strategic Financial Concepts LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,455 shares of the company's stock, valued at approximately $3,785,000.

A number of other hedge funds also recently modified their holdings of VST. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. State Street Corp boosted its stake in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP raised its holdings in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after buying an additional 797,894 shares during the last quarter. Finally, Castle Hook Partners LP raised its holdings in Vistra by 33.5% during the third 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. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Down 3.8 %

Shares of NYSE VST traded down $6.42 during mid-day trading on Thursday, hitting $162.93. The stock had a trading volume of 7,121,998 shares, compared to its average volume of 8,967,114. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 1 year low of $45.80 and a 1 year high of $199.84. The business has a 50 day moving average price of $159.73 and a two-hundred day moving average price of $131.14. The firm has a market cap of $55.43 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22.

Vistra declared that its board has initiated a stock repurchase program 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 programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

VST has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Bank of America assumed coverage on shares of Vistra in a research report on Monday, January 27th. They issued a "neutral" rating and a $206.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group raised 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. Finally, Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Vistra has an average rating of "Moderate Buy" and a consensus target price of $171.64.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed 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 dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares of the company's stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company's stock.

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.