Vaughan Nelson Investment Management L.P. Has $39.03 Million Position in Vistra Corp. (NYSE:VST)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of Vistra Corp. (NYSE:VST) by 37.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,102 shares of the company’s stock after selling 173,105 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Vistra were worth $39,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VST. Avior Wealth Management LLC lifted its position 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 buying an additional 65 shares during the last quarter. Founders Capital Management acquired a new stake in Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC bought a new stake in Vistra during the fourth quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra in the third quarter valued at approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in shares of Vistra during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 1.9 %

VST stock opened at $166.71 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market cap of $56.72 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.17 and a beta of 1.22. Vistra Corp. has a 1-year low of $42.22 and a 1-year high of $199.84. The business’s 50 day moving average is $157.42 and its 200-day moving average is $125.83.

Vistra (NYSE:VST) last released 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 firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the company posted $1.25 earnings per share. 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 initiated a share 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 purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the business’s 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock worth $55,087,314 in the last quarter. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on VST shares. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Bank of America started coverage on shares of Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Finally, BMO Capital Markets upped their price objective on shares of 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 assigned a buy rating to the company. According to MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and an average 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.