Legacy CG LLC Purchases New Position in Vistra Corp. (NYSE:VST)

Legacy CG LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 15,440 shares of the company’s stock, valued at approximately $2,129,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its holdings in Vistra by 56.5% in the fourth 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 position in Vistra during the fourth quarter valued at $28,000. West Branch Capital LLC bought a new stake in Vistra in the fourth quarter worth $28,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Vistra during the third quarter valued at $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 342,100 shares of company stock worth $55,087,314 over the last quarter. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $171.33 on Thursday. The firm’s 50 day simple moving average is $156.98 and its two-hundred day simple moving average is $124.59. 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 company has a market capitalization 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 Corp. has a 1-year low of $42.22 and a 1-year high of $199.84.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Research analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on VST. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. UBS Group upped their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Finally, BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus price target 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.