Strategic Financial Concepts LLC Acquires Shares of 27,455 Vistra Corp. (NYSE:VST)

Strategic Financial Concepts LLC bought a new position in Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 27,455 shares of the company’s stock, valued at approximately $3,785,000.

Other hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its position 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 acquiring an additional 65 shares in the last quarter. Founders Capital Management purchased a new position in shares of Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra during the 3rd quarter valued at approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Vistra during the 3rd quarter valued at $30,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 transaction of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. 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 Vistra 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 transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock valued at $55,087,314 over the last three months. 1.42% of the stock is owned by company insiders.

Vistra Stock Down 1.9 %

Shares of NYSE:VST opened at $166.71 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business’s 50 day moving average is $157.42 and its 200 day moving average is $126.21. The stock has a market cap of $56.72 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 52-week low of $42.22 and a 52-week high of $199.84.

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

Vistra announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on VST. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. Morgan Stanley lifted 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. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Bank of America started coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. Finally, BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average 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.