Vistra Corp. (NYSE:VST) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its position in Vistra Corp. (NYSE:VST) by 201.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,513 shares of the company’s stock after purchasing an additional 3,682 shares during the period. Perigon Wealth Management LLC’s holdings in Vistra were worth $760,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC increased its holdings in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the period. Galvin Gaustad & Stein LLC boosted its holdings in shares of Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after acquiring an additional 73 shares during the last quarter. Forum Financial Management LP increased 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 acquiring an additional 80 shares during the period. Umpqua Bank raised its holdings in shares of Vistra by 2.2% during 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 lifted its position in Vistra by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after purchasing an additional 81 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s 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 completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 over the last ninety days. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST opened at $168.08 on Friday. The company has a market cap of $57.18 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.05 and a beta of 1.21. The firm’s fifty day simple moving average is $156.24 and its two-hundred day simple moving average is $122.39. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52-week low of $40.78 and a 52-week high of $199.84.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.96 billion. During the same period in the previous year, the firm posted $1.25 EPS. Equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Guggenheim raised their price objective on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. UBS Group lifted their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. began coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average 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.