Tranquility Partners LLC Takes $316,000 Position in Vistra Corp. (NYSE:VST)

Tranquility Partners LLC bought a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,289 shares of the company’s stock, valued at approximately $316,000.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased 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 worth $453,609,000 after purchasing an additional 1,293,974 shares during the period. State Street Corp grew its position 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 period. Janus Henderson Group PLC grew its position in shares of Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares during the period. Rubric Capital Management LP raised its stake in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after buying an additional 797,894 shares during the last quarter. Finally, Castle Hook Partners LP lifted its holdings in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on VST. Bank of America began coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Morgan Stanley boosted their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets upped their price objective 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, JPMorgan Chase & Co. assumed coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last three months. Insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.7 %

Vistra stock opened at $166.51 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1-year low of $42.34 and a 1-year high of $199.84. The company has a fifty day simple moving average of $158.07 and a 200 day simple moving average of $127.85. The company has a market cap of $56.65 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22.

Vistra declared that its board has approved a share buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.