Myriad Asset Management US LP Takes Position in Vistra Corp. (NYSE:VST)

Myriad Asset Management US LP acquired a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,979 shares of the company’s stock, valued at approximately $962,000.

A number of other hedge funds have also recently made changes to their positions in VST. Avior Wealth Management LLC boosted its position 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 during the period. Pathway Financial Advisers LLC boosted its position in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Founders Capital Management purchased a new position in shares of Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new stake in Vistra during the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Vistra during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 342,100 shares of company stock valued at $55,087,314. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 1.2 %

NYSE VST opened at $167.59 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s fifty day moving average price is $158.32 and its 200 day moving average price is $128.78. The company has a market capitalization of $57.02 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 12 month low of $44.25 and a 12 month high of $199.84.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Bank of America began coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Vistra 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.