Spinnaker Trust Takes Position in Vistra Corp. (NYSE:VST)

Spinnaker Trust acquired a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,673 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors have also modified their holdings of the company. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra during the 4th quarter worth approximately $277,000. Dakota Wealth Management bought a new stake in shares of Vistra during the 4th quarter worth approximately $231,000. Empire Life Investments Inc. bought a new stake in shares of Vistra during the 3rd quarter worth approximately $23,028,000. Retirement Systems of Alabama lifted its stake in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after acquiring an additional 6,920 shares during the last quarter. Finally, First Sabrepoint Capital Management LP bought a new stake in shares of Vistra during the 3rd quarter worth approximately $17,781,000. 90.88% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by company insiders.

Vistra Trading Up 1.2 %

Shares of NYSE:VST opened at $167.59 on Friday. Vistra Corp. has a 12-month low of $44.25 and a 12-month high of $199.84. The business’s fifty day simple moving average is $158.32 and its 200-day simple moving average is $129.20. The company has a market capitalization of $57.02 billion, a PE ratio of 31.27, a P/E/G ratio of 1.17 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra declared that its Board of Directors has authorized a stock buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VST shares. BMO Capital Markets raised their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America began coverage on Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Finally, Morgan Stanley lifted their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.