Money Concepts Capital Corp Purchases 164 Shares of Vistra Corp. (NYSE:VST)

Money Concepts Capital Corp boosted its position in Vistra Corp. (NYSE:VST) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,635 shares of the company’s stock after buying an additional 164 shares during the quarter. Money Concepts Capital Corp’s holdings in Vistra were worth $915,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Spirit of America Management Corp NY grew its position in shares of Vistra by 20.7% in the fourth quarter. Spirit of America Management Corp NY now owns 16,650 shares of the company’s stock valued at $2,296,000 after purchasing an additional 2,850 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Vistra by 48.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 11,243 shares of the company’s stock valued at $1,550,000 after purchasing an additional 3,658 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Vistra by 115.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 29,985 shares of the company’s stock valued at $4,134,000 after buying an additional 16,048 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in Vistra by 52.3% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 15,198 shares of the company’s stock worth $2,129,000 after buying an additional 5,219 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Vistra during the fourth quarter worth approximately $4,565,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 1.8 %

VST stock opened at $171.33 on Thursday. Vistra Corp. has a 1-year low of $42.22 and a 1-year high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business’s 50 day moving average is $156.98 and its 200-day moving average is $124.59. The firm has a market cap of $58.29 billion, a P/E ratio of 31.97, a P/E/G ratio of 1.15 and a beta of 1.22.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $4.01. Vistra had a return on equity of 57.63% and a net margin of 12.51%. The firm had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the business posted $1.25 earnings per share. Equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra announced that its Board of Directors has approved a stock 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 in the last quarter. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VST. Morgan Stanley raised their price objective 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. BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Bank of America began coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.64.

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.