Summit Trail Advisors LLC Increases Position in Vistra Corp. (NYSE:VST)

Summit Trail Advisors LLC grew its holdings in shares of Vistra Corp. (NYSE:VST) by 52.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,178 shares of the company’s stock after acquiring an additional 1,786 shares during the period. Summit Trail Advisors LLC’s holdings in Vistra were worth $714,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in 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. Founders Capital Management purchased a new position in shares of Vistra in the 4th quarter worth about $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the 4th quarter worth about $28,000. Comprehensive Financial Planning Inc. PA bought a new position in Vistra in the 4th quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter valued at about $30,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 0.5 %

VST stock opened at $167.52 on Wednesday. The business’s 50-day moving average is $157.97 and its two-hundred day moving average is $127.57. The company has a market cap of $57.00 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 1.17 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $42.22 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

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

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value 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 trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 in the last quarter. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Evercore ISI started coverage on Vistra in a report 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 research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. Finally, UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.