Vistra Corp. (NYSE:VST) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its stake in Vistra Corp. (NYSE:VST) by 201.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,513 shares of the company’s stock after acquiring an additional 3,682 shares during the period. Perigon Wealth Management LLC’s holdings in Vistra were worth $760,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in VST. State Street Corp grew its position in Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Vistra by 51.1% in the third 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. Janus Henderson Group PLC increased its stake in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares during the period. Castle Hook Partners LP lifted its holdings in Vistra by 33.5% during the 3rd 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 in the last quarter. Finally, Rubric Capital Management LP boosted its position in Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after buying an additional 797,894 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 directly owns 318,287 shares in the company, valued at approximately $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 a total of 342,100 shares of company stock worth $55,087,314 over the last ninety days. 1.42% of the stock is currently owned by company insiders.

Vistra Price Performance

Shares of VST opened at $168.08 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1-year low of $40.78 and a 1-year high of $199.84. The stock has a market cap of $57.18 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.21. The firm has a fifty day moving average price of $156.24 and a 200 day moving average price of $122.39.

Vistra (NYSE:VST) last announced its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share 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 the consensus estimate of $4.96 billion. During the same period last year, the business posted $1.25 EPS. As a group, sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on VST. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Bank of America started 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. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

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.