Vistra Corp. (NYSE:VST) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Vistra Corp. (NYSE:VST) by 176.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 650,816 shares of the company’s stock after acquiring an additional 415,618 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.19% of Vistra worth $97,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in Vistra by 26.8% during the 3rd quarter. CWM LLC now owns 7,158 shares of the company’s stock worth $849,000 after purchasing an additional 1,514 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra during the third quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Vistra during the third quarter worth approximately $40,000. Creative Planning raised its holdings in 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 acquiring an additional 7,753 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in 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 acquiring an additional 337 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction 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 owns 254,932 shares in the company, valued at approximately $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 have sold 342,100 shares of company stock worth $55,087,314 in the last quarter. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America began coverage on shares of Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Stock Down 0.7 %

VST opened at $166.51 on Thursday. Vistra Corp. has a one year low of $42.34 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 $56.65 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The business’s 50-day simple moving average is $158.07 and its 200-day simple moving average is $127.85.

Vistra announced that its board has authorized a share repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management 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.