TFB Advisors LLC Boosts Position in Vistra Corp. (NYSE:VST)

TFB Advisors LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 15.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,553 shares of the company’s stock after buying an additional 1,275 shares during the quarter. TFB Advisors LLC’s holdings in Vistra were worth $1,317,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Vistra by 26.8% during the 3rd quarter. CWM LLC now owns 7,158 shares of the company’s stock valued at $849,000 after acquiring an additional 1,514 shares during the last quarter. UMB Bank n.a. lifted its position in Vistra by 126.2% in the 3rd quarter. UMB Bank n.a. now owns 414 shares of the company’s stock worth $49,000 after buying an additional 231 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Vistra by 113.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $249,000 after buying an additional 1,116 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Vistra in the 3rd quarter worth approximately $74,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 0.5 %

Shares of NYSE:VST opened at $167.52 on Wednesday. The stock has a market capitalization of $57.00 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.17 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock’s 50-day simple moving average is $157.97 and its two-hundred day simple moving average is $127.57. Vistra Corp. has a 52-week low of $42.22 and a 52-week high of $199.84.

Vistra declared that its board has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction dated 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 owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was 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 directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. initiated coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company 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.