Spire Wealth Management Decreases Position in Vistra Corp. (NYSE:VST)

Spire Wealth Management lessened its holdings in Vistra Corp. (NYSE:VST) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,134 shares of the company’s stock after selling 2,364 shares during the period. Spire Wealth Management’s holdings in Vistra were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Founders Capital Management acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the 3rd quarter valued at $30,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at $30,000. 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 company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction 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. Over the last three months, insiders sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $168.35 on Wednesday. The company has a 50-day simple moving average of $156.64 and a 200-day simple moving average of $124.26. Vistra Corp. has a one year low of $42.22 and a one year high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market capitalization of $57.28 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.15 and a beta of 1.22.

Vistra (NYSE:VST) last announced its earnings results on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The business had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the company earned $1.25 earnings per share. On average, analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra declared that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

VST has been the topic of a number of analyst reports. 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 report on Friday, November 22nd. 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 report on Friday, January 3rd. Bank of America initiated coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective on the stock. Guggenheim raised their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

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.