Myriad Asset Management US LP Takes $962,000 Position in Vistra Corp. (NYSE:VST)

Myriad Asset Management US LP bought a new stake in Vistra Corp. (NYSE:VST) during the 4th quarter, HoldingsChannel reports. The fund bought 6,979 shares of the company’s stock, valued at approximately $962,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VST. CWM LLC boosted its holdings 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 acquiring an additional 1,514 shares in the last quarter. Creative Planning lifted its stake 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 during the period. SeaCrest Wealth Management LLC lifted its stake 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 during the period. Harbour Capital Advisors LLC lifted its stake 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 during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake 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 during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % 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.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent analyst reports. UBS Group raised their price objective 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. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. 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 note on Wednesday, January 22nd. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Finally, Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Stock Performance

NYSE:VST opened at $167.59 on Friday. The firm has a 50 day simple moving average of $158.32 and a 200-day simple moving average of $128.78. 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 firm has a market cap of $57.02 billion, a PE ratio of 31.27, a P/E/G ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 1-year low of $44.25 and a 1-year high of $199.84.

Vistra announced that its board has initiated 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 repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.