Sanctuary Advisors LLC Boosts Holdings in Vistra Corp. (NYSE:VST)

Sanctuary Advisors LLC grew its stake in Vistra Corp. (NYSE:VST) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,268 shares of the company’s stock after buying an additional 4,031 shares during the quarter. Sanctuary Advisors LLC’s holdings in Vistra were worth $18,374,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Pathway Financial Advisers LLC increased its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management bought a new stake in Vistra in the fourth quarter worth about $28,000. West Branch Capital LLC purchased a new position in Vistra during the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 1.2 %

VST opened at $167.59 on Tuesday. The company has a market cap of $57.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a twelve month low of $44.25 and a twelve month high of $199.84. The company has a 50-day moving average price of $158.71 and a 200 day moving average price of $130.19. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra announced that its board has approved a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 342,100 shares of company stock worth $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

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