CenterBook Partners LP Makes New Investment in Vistra Corp. $VST

CenterBook Partners LP bought a new stake in Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,709 shares of the company’s stock, valued at approximately $4,057,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. ELCO Management Co. LLC purchased a new position in shares of Vistra during the 2nd quarter worth $499,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of Vistra in the second quarter valued at $292,000. Fisher Funds Management LTD acquired a new position in Vistra in the third quarter valued at $1,241,000. Envestnet Asset Management Inc. increased its stake in Vistra by 49.2% in the third quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock valued at $72,784,000 after purchasing an additional 122,545 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Vistra by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock worth $406,830,000 after buying an additional 35,444 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 1.8%

Shares of VST opened at $170.54 on Thursday. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The stock’s 50-day moving average is $162.80 and its two-hundred day moving average is $182.30. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market cap of $57.78 billion, a PE ratio of 61.57, a P/E/G ratio of 1.05 and a beta of 1.40.

Insider Activity at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 8,219 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $173.35, for a total value of $1,424,763.65. Following the completion of the transaction, the executive vice president owned 79,854 shares in the company, valued at $13,842,690.90. This represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James A. Burke sold 22,251 shares of Vistra stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the sale, the chief executive officer owned 297,998 shares in the company, valued at $48,290,575.90. This represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VST. Wells Fargo & Company dropped their price objective on shares of Vistra from $238.00 to $236.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Scotiabank upped their price objective on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Morgan Stanley set a $227.00 target price on Vistra in a research report on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price target on Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Vistra presently has an average rating of “Buy” and an average price target of $237.53.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.