Summit Trail Advisors LLC Grows Holdings in Vistra Corp. (NYSE:VST)

Summit Trail Advisors LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 52.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,178 shares of the company’s stock after buying an additional 1,786 shares during the quarter. Summit Trail Advisors LLC’s holdings in Vistra were worth $714,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in Vistra by 26.8% during the third quarter. CWM LLC now owns 7,158 shares of the company’s stock valued at $849,000 after purchasing an additional 1,514 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Vistra by 126.2% during the 3rd quarter. UMB Bank n.a. now owns 414 shares of the company’s stock valued at $49,000 after buying an additional 231 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Vistra by 113.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $249,000 after buying an additional 1,116 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Vistra in the 3rd quarter worth approximately $74,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the third quarter worth approximately $30,000. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last quarter. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective on the stock. Finally, Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. 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, Vistra currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Vistra Price Performance

Shares of VST stock opened at $167.52 on Wednesday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a fifty-two week low of $42.22 and a fifty-two week high of $199.84. The firm has a market cap of $57.00 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.17 and a beta of 1.22. The business’s 50 day moving average price is $157.97 and its 200-day moving average price is $127.57.

Vistra declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is 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.