Vistra Corp. (NYSE:VST) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in Vistra Corp. (NYSE:VST) by 730.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 460,072 shares of the company’s stock after acquiring an additional 404,700 shares during the quarter. Public Sector Pension Investment Board owned 0.14% of Vistra worth $54,537,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VST. FORA Capital LLC acquired a new stake in Vistra in the 3rd quarter valued at about $1,287,000. MetLife Investment Management LLC lifted its holdings in shares of Vistra by 1.6% in the third quarter. MetLife Investment Management LLC now owns 105,032 shares of the company’s stock valued at $12,450,000 after purchasing an additional 1,624 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Vistra in the third quarter valued at about $36,000. CreativeOne Wealth LLC grew its position in shares of Vistra by 28.2% in the third quarter. CreativeOne Wealth LLC now owns 3,489 shares of the company’s stock valued at $414,000 after purchasing an additional 767 shares during the last quarter. Finally, BNP Paribas purchased a new position in shares of Vistra during the 3rd quarter worth approximately $4,538,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 5.0 %

Shares of NYSE:VST opened at $154.54 on Thursday. Vistra Corp. has a 12-month low of $34.88 and a 12-month high of $168.67. The stock’s 50-day moving average price is $129.97 and its two-hundred day moving average price is $101.03. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.98 and a beta of 1.09.

Vistra declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

Insider Buying and Selling

In related news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VST has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. UBS Group reduced their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Guggenheim lifted their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. Finally, Jefferies Financial Group raised their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $149.10.

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.