State of Alaska Department of Revenue Has $5.35 Million Stock Position in Vistra Corp. (NYSE:VST)

State of Alaska Department of Revenue reduced its position in shares of Vistra Corp. (NYSE:VST) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,795 shares of the company’s stock after selling 1,130 shares during the period. State of Alaska Department of Revenue’s holdings in Vistra were worth $5,348,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Founders Capital Management bought a new stake in shares of Vistra during the 4th quarter worth about $28,000. West Branch Capital LLC acquired a new position in shares of Vistra in the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in 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 third quarter valued at about $30,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group raised 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. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective on the stock. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Vistra Price Performance

Shares of Vistra stock opened at $166.71 on Friday. The company has a fifty day moving average of $157.28 and a 200-day moving average of $124.91. Vistra Corp. has a 52-week low of $42.22 and a 52-week high of $199.84. The stock has a market capitalization of $56.72 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 1.15 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.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) 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 company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the business earned $1.25 EPS. Equities research analysts expect that Vistra Corp. will post 7 EPS for the current year.

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

Insider Activity

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last quarter. 1.42% of the stock is owned by company 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.