Vistra Corp. (NYSE:VST) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its position in shares of Vistra Corp. (NYSE:VST) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,789 shares of the company’s stock after purchasing an additional 242 shares during the period. Arizona State Retirement System’s holdings in Vistra were worth $13,758,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VST. Farther Finance Advisors LLC boosted its stake in shares of Vistra by 28.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,120 shares of the company’s stock worth $251,000 after purchasing an additional 471 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Vistra by 9.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 159,668 shares of the company’s stock worth $18,927,000 after purchasing an additional 13,897 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Vistra by 3.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 74,354 shares of the company’s stock worth $8,814,000 after acquiring an additional 2,738 shares during the last quarter. National Pension Service boosted its position in shares of Vistra by 64.4% in the third quarter. National Pension Service now owns 688,370 shares of the company’s stock worth $81,599,000 after acquiring an additional 269,666 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Vistra by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 130,149 shares of the company’s stock worth $15,428,000 after acquiring an additional 508 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VST. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $164.00 to $152.00 in a research report on Tuesday. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. UBS Group raised their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.83.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of Vistra 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 sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 0.0 %

VST opened at $126.99 on Thursday. The firm has a market capitalization of $43.20 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.12 and a beta of 1.21. The firm’s 50 day moving average is $159.46 and its 200-day moving average is $135.46. Vistra Corp. has a 52-week low of $57.50 and a 52-week high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Vistra announced that its board has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.