TKG Advisors LLC Purchases New Position in Vistra Corp. (NYSE:VST)

TKG Advisors LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,734 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Global Retirement Partners LLC raised its position in Vistra by 48.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,568 shares of the company’s stock worth $216,000 after buying an additional 515 shares during the last quarter. Semus Wealth Partners LLC purchased a new stake in Vistra in the fourth quarter worth approximately $313,000. Convergence Investment Partners LLC raised its stake in Vistra by 36.1% during the 4th quarter. Convergence Investment Partners LLC now owns 11,497 shares of the company’s stock valued at $1,585,000 after buying an additional 3,048 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Vistra during the 4th quarter valued at about $1,177,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at about $1,806,000. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The stock was 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 directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 342,100 shares of company stock valued at $55,087,314. Company insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

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

Vistra Stock Performance

NYSE:VST opened at $169.21 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 $45.52 and a fifty-two week high of $199.84. The firm has a market capitalization of $57.57 billion, a PE ratio of 31.57, a PEG ratio of 1.15 and a beta of 1.22. The stock’s fifty day moving average is $159.26 and its 200 day moving average is $130.88.

Vistra announced that its board has authorized a stock repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually 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.