Vistra Corp. $VST Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vistra Corp. (NYSE:VST) by 45.7% in the second quarter, Holdings Channel reports. The fund owned 113,373 shares of the company’s stock after buying an additional 35,568 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Vistra were worth $21,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. increased its position in shares of Vistra by 4.0% during the second quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock worth $333,000 after purchasing an additional 67 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after buying an additional 71 shares during the last quarter. Fogel Capital Management Inc. grew its stake in Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after buying an additional 72 shares during the last quarter. Red Mountain Financial LLC increased its position in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after buying an additional 74 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VST. Jefferies Financial Group restated a “hold” rating and set a $230.00 target price (down from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Cowen assumed coverage on shares of Vistra in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. raised their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $234.21.

Vistra Price Performance

Shares of VST opened at $174.37 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 5.74. The stock’s 50 day moving average is $198.04 and its two-hundred day moving average is $186.62. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market capitalization of $59.08 billion, a PE ratio of 62.95, a P/E/G ratio of 2.18 and a beta of 1.30.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. Research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 32.49%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 745,845 shares of company stock worth $152,178,104. Corporate insiders own 1.42% of the company’s stock.

Vistra Company 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.