Catalyst Financial Partners LLC Increases Holdings in Vistra Corp. (NYSE:VST)

Catalyst Financial Partners LLC raised its stake in shares of Vistra Corp. (NYSE:VST) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,623 shares of the company’s stock after buying an additional 186 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Vistra were worth $362,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VST. Avior Wealth Management LLC raised its stake in shares of 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 last quarter. Galvin Gaustad & Stein LLC raised its stake in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after purchasing an additional 73 shares during the last quarter. Forum Financial Management LP raised its stake in shares of Vistra by 0.7% in the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank raised its stake in shares of Vistra by 2.2% in the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the sale, the executive vice president now 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 SEC, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the 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 owns 254,932 shares of the company’s stock, 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 sold a total of 342,100 shares of company stock worth $55,087,314 over the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VST shares. UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley lifted their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Bank of America started coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective 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, BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.64.

Vistra Stock Performance

Shares of VST opened at $167.59 on Friday. 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 has a 50-day simple moving average of $158.32 and a two-hundred day simple moving average of $128.78. The stock has a market cap of $57.02 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 52 week low of $44.25 and a 52 week high of $199.84.

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

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.