Allspring Global Investments Holdings LLC Increases Stake in Vistra Corp. (NYSE:VST)

Allspring Global Investments Holdings LLC raised its position in Vistra Corp. (NYSE:VST) by 176.7% in the 4th quarter, Holdings Channel reports. The fund owned 650,816 shares of the company’s stock after acquiring an additional 415,618 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vistra were worth $97,285,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in VST. Avior Wealth Management LLC increased its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management purchased a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. West Branch Capital LLC acquired a new position in Vistra during the fourth quarter worth $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in Vistra in the fourth quarter worth $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the third quarter worth $30,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,100 shares of company stock valued at $55,087,314. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 0.7 %

Shares of Vistra stock opened at $166.51 on Thursday. Vistra Corp. has a 1 year low of $42.34 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business has a 50 day moving average price of $158.07 and a 200 day moving average price of $127.85. The company has a market capitalization of $56.65 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.17 and a beta of 1.22.

Vistra declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

VST has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. BMO Capital Markets lifted their price target 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, Bank of America started coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

Vistra 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.