Vistra Corp. (NYSE:VST) Shares Bought by Manchester Capital Management LLC

Manchester Capital Management LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 22.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,867 shares of the company’s stock after buying an additional 346 shares during the period. Manchester Capital Management LLC’s holdings in Vistra were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 1.2 %

Shares of Vistra stock opened at $167.59 on Friday. Vistra Corp. has a 1 year low of $44.25 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $57.02 billion, a P/E ratio of 31.27, a PEG ratio of 1.17 and a beta of 1.22. The company’s fifty day moving average is $158.32 and its two-hundred day moving average is $129.20.

Vistra announced that its Board of Directors has approved a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the firm’s 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 sale, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VST. Bank of America began coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective on the stock. Morgan Stanley increased their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. UBS Group increased their target price on shares of 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 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. Finally, Evercore ISI initiated coverage on shares of Vistra in a research report 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 stock. According to data from MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

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.