Pacer Advisors Inc. Has $3.90 Million Stock Position in Vistra Corp. (NYSE:VST)

Pacer Advisors Inc. grew its holdings in Vistra Corp. (NYSE:VST) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,289 shares of the company’s stock after purchasing an additional 2,818 shares during the period. Pacer Advisors Inc.’s holdings in Vistra were worth $3,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VST. 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 purchasing an additional 1,293,974 shares in the last quarter. State Street Corp boosted its stake in shares of 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 buying an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of 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 acquiring an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP increased its position in shares of 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 during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in Vistra by 400.9% during the third quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock worth $98,033,000 after acquiring an additional 661,881 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s 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 transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 13.6 %

Shares of NYSE:VST opened at $176.28 on Friday. Vistra Corp. has a 12-month low of $40.78 and a 12-month high of $199.84. The business has a 50 day moving average of $156.12 and a 200-day moving average of $121.82. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $59.98 billion, a PE ratio of 32.89, a P/E/G ratio of 1.77 and a beta of 1.21.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $4.01. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.25 EPS. As a group, equities research analysts forecast that Vistra Corp. will post 4.48 earnings per share for the current year.

Vistra declared that its Board of Directors has approved 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 purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VST. Morgan Stanley boosted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Bank of America began coverage on shares of Vistra in a research note on Monday. They issued a “neutral” rating and a $206.00 price target for the company. Guggenheim boosted their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

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.