SG Americas Securities LLC Has $833,000 Position in Vistra Corp. (NYSE:VST)

SG Americas Securities LLC reduced its position in shares of Vistra Corp. (NYSE:VST) by 83.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,039 shares of the company’s stock after selling 31,268 shares during the quarter. SG Americas Securities LLC’s holdings in Vistra were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VST. Massachusetts Financial Services Co. MA lifted its holdings in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp increased its stake in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Janus Henderson Group PLC increased its stake in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Rubric Capital Management LP increased its stake in Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after acquiring an additional 797,894 shares during the period. Finally, Artemis Investment Management LLP increased its stake in Vistra by 400.9% during the 3rd quarter. Artemis Investment Management LLP now owns 827,000 shares of the company’s stock worth $98,033,000 after acquiring an additional 661,881 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VST. JPMorgan Chase & Co. began coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the company 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 assigned a buy rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Insider Transactions at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $18,878,400.00. Following the sale, 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. Over the last quarter, insiders have sold 342,100 shares of company stock worth $55,087,314. Company insiders own 1.42% of the company’s stock.

Vistra Trading Up 3.8 %

Shares of VST stock opened at $155.35 on Thursday. 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 Corp. has a 52-week low of $40.57 and a 52-week high of $199.84. The company has a market capitalization of $52.85 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The business’s fifty day moving average is $155.91 and its 200 day moving average is $121.44.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share 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 business had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the business posted $1.25 earnings per share. On average, equities research analysts anticipate that Vistra Corp. will post 4.48 EPS for the current fiscal year.

Vistra declared that its board has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally 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.