Vistra Corp. $VST Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in Vistra Corp. (NYSE:VST) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,281 shares of the company’s stock after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Vistra were worth $5,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after buying an additional 11,386 shares during the period. Northern Trust Corp raised its position in Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after acquiring an additional 57,358 shares in the last quarter. Nuveen LLC acquired a new stake in Vistra in the first quarter valued at $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Vistra by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock worth $172,717,000 after purchasing an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Vistra by 1.5% during the 1st quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock worth $155,920,000 after purchasing an additional 19,679 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent analyst reports. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, September 17th. Morgan Stanley lifted their price target on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $227.58.

Vistra Trading Up 6.3%

Shares of Vistra stock opened at $209.22 on Tuesday. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The business has a 50 day moving average price of $200.38 and a 200 day moving average price of $173.85. The company has a market capitalization of $70.89 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.92 and a beta of 1.33.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $0.226 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s payout ratio is currently 14.35%.

Insider Activity

In other news, CEO James A. Burke sold 21,365 shares of Vistra stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $207.55, for a total transaction of $4,434,305.75. Following the completion of the sale, the chief executive officer directly owned 269,368 shares in the company, valued at $55,907,328.40. The trade was a 7.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 463,350 shares of company stock worth $95,374,138. 1.42% of the stock is owned by company insiders.

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.