Vistra Corp. (NYSE:VST) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Vistra Corp. (NYSE:VSTFree Report) by 83.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,039 shares of the company’s stock after selling 31,268 shares during the quarter. SG Americas Securities LLC’s holdings in Vistra were worth $833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after acquiring an additional 1,293,974 shares in the last quarter. State Street Corp grew its position in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC grew its position in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP grew its position in Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in Vistra by 400.9% in the third quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock valued at $98,033,000 after acquiring an additional 661,881 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

VST opened at $155.35 on Thursday. The stock has a market cap of $52.85 billion, a PE ratio of 28.98, a P/E/G ratio of 1.77 and a beta of 1.21. 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 Corp. has a 1 year low of $40.57 and a 1 year high of $199.84. The stock’s 50 day simple moving average is $155.91 and its 200-day simple moving average is $121.44.

Vistra (NYSE:VSTGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. The firm had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same period in the prior year, the business posted $1.25 earnings per share. Sell-side analysts forecast that Vistra Corp. will post 4.48 EPS for the current year.

Vistra declared that its board has authorized a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

VST has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Bank of America initiated coverage on shares of Vistra in a research report on Monday. They set a “neutral” rating and a $206.00 price target for the company. BMO Capital Markets raised their price target 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. Finally, UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and an average target price of $171.64.

Read Our Latest Report on VST

Insider Activity

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the 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 sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade 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 valued at $55,087,314 over the last 90 days. 1.42% of the stock is owned by company insiders.

About Vistra

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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