Stephens Inc. AR Acquires 691 Shares of Vistra Corp. (NYSE:VST)

Stephens Inc. AR increased its holdings in shares of Vistra Corp. (NYSE:VST) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,765 shares of the company’s stock after acquiring an additional 691 shares during the period. Stephens Inc. AR’s holdings in Vistra were worth $657,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. State Street Corp grew its position in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 valued at $453,609,000 after buying an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC boosted its position 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 during the last quarter. Castle Hook Partners LP boosted its position in Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares during the last quarter. Finally, Rubric Capital Management LP boosted its position in Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after buying an additional 797,894 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra 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 sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of recent research reports. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price objective 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 began coverage on Vistra in a research 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 research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Vistra Stock Performance

Shares of Vistra stock opened at $167.59 on Friday. The company has a market capitalization of $57.02 billion, a PE ratio of 31.27, a PEG ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 12 month low of $44.25 and a 12 month high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock’s fifty day simple moving average is $158.32 and its 200 day simple moving average is $128.78.

Vistra announced that its board has initiated a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.