G&S Capital LLC Buys Shares of 2,050 Vistra Corp. (NYSE:VST)

G&S Capital LLC purchased a new position in Vistra Corp. (NYSE:VST) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,050 shares of the company’s stock, valued at approximately $283,000.

A number of other large investors also recently modified their holdings of the company. Lionsbridge Wealth Management LLC purchased a new stake in Vistra in the 4th quarter worth approximately $277,000. Dakota Wealth Management bought a new position in shares of Vistra in the fourth quarter worth $231,000. Empire Life Investments Inc. purchased a new stake in shares of Vistra in the third quarter worth $23,028,000. Retirement Systems of Alabama boosted its stake in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the period. Finally, Terra Nova Asset Management LLC bought a new stake in Vistra during the third quarter valued at $842,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Shares of NYSE:VST opened at $166.51 on Thursday. 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 $56.65 billion, a PE ratio of 31.07, a PEG ratio of 1.17 and a beta of 1.22. The company’s fifty day moving average is $158.07 and its 200 day moving average is $127.85. Vistra Corp. has a 52 week low of $42.34 and a 52 week high of $199.84.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VST shares. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. BMO Capital Markets lifted 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. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Finally, Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Activity

In related news, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the sale, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently owned by insiders.

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.