Burns Matteson Capital Management LLC Acquires Shares in Vistra Corp. (NYSE:VST)

Burns Matteson Capital Management LLC has acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, as reported in their recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,602 shares, which are valued at around $221,000.

In addition to Burns Matteson, several other institutional investors have recently engaged in trading activities involving Vistra's shares. For instance, Massachusetts Financial Services Co. MA increased its holdings in Vistra by 51.1% in the third quarter. They now own 3,826,631 shares worth approximately $453.6 million, having acquired an additional 1,293,974 shares during that quarter. Similarly, State Street Corp raised its stake by 6.8%, bringing its total ownership to 16,355,255 shares valued at about $1.9 billion after purchasing an extra 1,037,402 shares. Furthermore, Janus Henderson Group PLC enhanced its position by 36.0%, now holding 3,781,908 shares worth roughly $448.3 million after acquiring 1,000,307 shares. Other significant investors include Rubric Capital Management LP, which grew its shareholding by 60.1%, owning 2,125,000 shares valued at about $251.9 million. Castle Hook Partners LP also increased its holdings by 33.5%, owning 2,610,273 shares worth approximately $309.4 million. Overall, hedge funds and other institutional investors hold 90.88% of Vistra's stock.

New Analyst Price Targets

Recently, several equities analysts have provided updated price targets for Vistra Corp. UBS Group raised their target from $161.00 to $174.00, rating the stock as a "buy" in their report dated January 3rd. BNP Paribas began coverage of Vistra with an "outperform" rating and set a target price of $231.00 for the stock on October 14th. JPMorgan Chase & Co. also initiated coverage, rating it as "overweight" with a price objective of $178.00. Bank of America started coverage giving it a "neutral" rating with a target price of $206.00. Additionally, Morgan Stanley raised their target from $135.00 to $169.00 while maintaining an "overweight" rating. Currently, Vistra has one hold rating and ten buy ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $171.64 as per MarketBeat data.

Insider Transactions

In the area of insider trading, Stephen J. Muscato, an executive vice president at Vistra, sold 207,100 shares on November 22nd for an average price of $161.34, totaling approximately $33.4 million. After this transaction, he retained 318,287 shares valued at about $51.4 million, indicating a 39.42% decrease in his stake. Director Scott B. Helm also sold 20,000 shares on December 10th at an average price of $139.77, generating around $2.8 million. Following this sale, he now holds 343,350 shares valued at approximately $48.0 million which represents a 5.50% reduction in his ownership. Over the past three months, insiders have sold a total of 342,100 shares worth $55.1 million, and insiders currently own about 1.42% of Vistra's stock.

Vistra Stock Performance

The stock for Vistra Corp. (NYSE:VST) opened at $166.71 as of Monday. The company boasts a market capitalization of $56.72 billion, a P/E ratio of 31.10, and a P/E/G ratio of 1.17 with a beta of 1.22. The stock's 50-day simple moving average stands at $157.42, while the 200-day simple moving average is $126.21. Over the past year, Vistra's stock has seen a low of $42.22 and a high of $199.84. The company's quick ratio is 0.99, its current ratio is 1.11, and it has a debt-to-equity ratio of 4.68.

In its latest quarterly earnings report released on November 7th, Vistra reported earnings per share (EPS) of $5.25, significantly exceeding analysts' estimates of $1.24 by $4.01. The company's revenue for this quarter reached $6.29 billion, surpassing expectations of $4.96 billion. Vistra's net margin was recorded at 12.51%, and its return on equity stood at 57.63%, marking an increase from the previous year when it earned $1.25 EPS. Analysts predict that Vistra Corp. will achieve a total EPS of 7 for the current fiscal year.

Vistra's Board of Directors has announced the initiation of a stock repurchase plan, approved to buy back $1.00 billion in shares. This plan allows the company to repurchase up to 2.1% of its stocks through open market transactions, often viewed as a signal that the company's management believes its shares are undervalued.

Overview of Vistra Corp.

Vistra Corp. is an integrated retail electricity and power generation company, operating through several segments: Retail, Texas, East, West, Sunset, and Asset Closure. The company provides electricity and natural gas services to residential, commercial, and industrial customers throughout various states in the U.S. and the District of Columbia.

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