Valeo Financial Advisors LLC Increases Position in Vistra Corp. (NYSE:VST)

Valeo Financial Advisors LLC grew its stake in Vistra Corp. (NYSE:VST) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,850 shares of the company’s stock after acquiring an additional 291 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Vistra were worth $807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lionsbridge Wealth Management LLC purchased a new position in Vistra during the 4th quarter worth $277,000. Dakota Wealth Management purchased a new position in Vistra during the 4th quarter worth $231,000. Empire Life Investments Inc. purchased a new position in Vistra during the 3rd quarter worth $23,028,000. Retirement Systems of Alabama grew its stake in 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 buying an additional 6,920 shares during the last quarter. Finally, First Sabrepoint Capital Management LP purchased a new position in Vistra during the 3rd quarter worth $17,781,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VST has been the topic of several research analyst reports. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets boosted their target price 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 initiated coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Evercore ISI initiated coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Activity

In related news, Director Scott B. Helm sold 20,000 shares of the company’s 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 approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was 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 in the last quarter. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Performance

Shares of VST stock opened at $167.59 on Monday. The stock has a market cap of $57.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The business has a 50-day simple moving average of $158.32 and a 200-day simple moving average of $129.55. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52-week low of $44.25 and a 52-week high of $199.84.

Vistra declared that its board has authorized a share repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.