12,837 Shares in Vistra Corp. (NYSE:VST) Bought by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,837 shares of the company’s stock, valued at approximately $1,770,000. Vistra accounts for about 1.4% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% in the fourth 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 position in Vistra during the fourth quarter valued at $28,000. West Branch Capital LLC acquired a new position in Vistra during the fourth quarter valued at $28,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra in the 4th quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vistra during the 3rd quarter worth about $30,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

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’s 50 day moving average price is $158.07 and its two-hundred day moving average price is $127.85. The firm has a market capitalization 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 Corp. has a 12-month low of $42.34 and a 12-month high of $199.84.

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

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research analyst reports. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective for the company. Finally, BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.