McBroom & Associates LLC Invests $1.15 Million in Vistra Corp. (NYSE:VST)

McBroom & Associates LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,357 shares of the company’s stock, valued at approximately $1,152,000. Vistra accounts for approximately 0.7% of McBroom & Associates LLC’s holdings, making the stock its 24th biggest position.

A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 51.1% in the third 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 in the last quarter. State Street Corp boosted its holdings in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Vistra by 36.0% in 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 in the last quarter. Rubric Capital Management LP lifted its position in Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares during the period. Finally, Castle Hook Partners LP boosted its stake in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the firm’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 transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction 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 owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 over the last three months. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $168.33 on Tuesday. The business has a 50-day simple moving average of $157.70 and a two-hundred day simple moving average of $126.90. 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 firm has a market cap of $57.27 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $42.22 and a fifty-two week high of $199.84.

Vistra announced that its board has approved a stock buyback plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on VST shares. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. Bank of America initiated 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. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BNP Paribas began coverage on Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Finally, UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and a consensus target price 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.