Chicago Capital LLC Decreases Position in Vistra Corp. (NYSE:VST)

Chicago Capital LLC lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,481 shares of the company’s stock after selling 782 shares during the period. Chicago Capital LLC’s holdings in Vistra were worth $9,717,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VST. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Founders Capital Management acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the 3rd quarter valued at $30,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 4.7 %

Shares of Vistra stock opened at $168.08 on Monday. The firm has a market capitalization of $57.18 billion, a PE ratio of 31.36, a P/E/G ratio of 1.15 and a beta of 1.22. Vistra Corp. has a twelve month low of $40.78 and a twelve month high of $199.84. The firm’s 50-day moving average price is $156.24 and its 200 day moving average price is $122.97. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra (NYSE:VST) last released its earnings results 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 net margin of 12.51% and a return on equity of 57.63%. The business had revenue of $6.29 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period last year, the company posted $1.25 EPS. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target on the stock. UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their target price 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. Finally, BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Insiders Place Their Bets

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the business’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 completion of the transaction, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction on 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 in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last ninety days. 1.42% of the stock is currently owned by corporate insiders.

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.