Newbridge Financial Services Group Inc. Grows Stake in Vistra Corp. (NYSE:VST)

Newbridge Financial Services Group Inc. grew its stake in shares of Vistra Corp. (NYSE:VST) by 41.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,915 shares of the company’s stock after acquiring an additional 565 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Vistra were worth $264,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after buying an additional 1,293,974 shares during the period. Janus Henderson Group PLC grew its stake in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP raised its holdings in Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after acquiring an additional 654,568 shares during the period. Finally, Rubric Capital Management LP lifted its position in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after acquiring an additional 797,894 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $166.71 on Monday. 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 current ratio of 1.11 and a quick ratio of 0.99. The firm has a market capitalization of $56.72 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.17 and a beta of 1.22. The company’s fifty day moving average price is $157.42 and its 200-day moving average price is $126.21.

Vistra (NYSE:VST) last released 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 return on equity of 57.63% and a net margin of 12.51%. The business had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. On average, equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.64.

Insider Activity

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 transaction, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by insiders.

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.