Calamos Advisors LLC Sells 46,868 Shares of Vistra Corp. (NYSE:VST)

Calamos Advisors LLC lowered its stake in shares of Vistra Corp. (NYSE:VST) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,574 shares of the company’s stock after selling 46,868 shares during the period. Calamos Advisors LLC’s holdings in Vistra were worth $18,416,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Creative Planning lifted its stake in Vistra by 36.2% in the second quarter. Creative Planning now owns 23,299 shares of the company’s stock valued at $2,003,000 after acquiring an additional 6,190 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Vistra during the second quarter worth about $215,000. Cetera Investment Advisers raised its stake in Vistra by 5.6% in the second quarter. Cetera Investment Advisers now owns 96,680 shares of the company’s stock valued at $8,313,000 after buying an additional 5,094 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Vistra in the second quarter valued at approximately $108,000. Finally, Czech National Bank boosted its stake in shares of Vistra by 12.4% during the 3rd quarter. Czech National Bank now owns 69,987 shares of the company’s stock worth $8,296,000 after acquiring an additional 7,747 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Up 0.3 %

Shares of NYSE:VST opened at $168.45 on Tuesday. The business’s 50 day moving average price is $156.53 and its 200-day moving average price is $123.62. Vistra Corp. has a 1 year low of $42.22 and a 1 year high of $199.84. The firm has a market capitalization of $57.31 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $4.01. The company 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 business earned $1.25 EPS. On average, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the 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 owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s 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 sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VST shares. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Bank of America began coverage on shares of Vistra in a research report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. One 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 company currently has an average rating of “Moderate Buy” and an average target price 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.