Kentucky Retirement Systems Insurance Trust Fund Invests $1.21 Million in Vistra Corp. (NYSE:VST)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,172 shares of the company's stock, valued at approximately $1,206,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Empire Life Investments Inc. bought a new stake in Vistra during the third quarter valued at $23,028,000. Terra Nova Asset Management LLC bought a new stake in shares of Vistra during the 3rd quarter valued at about $842,000. Czech National Bank raised its stake in Vistra by 12.4% during the third quarter. Czech National Bank now owns 69,987 shares of the company's stock worth $8,296,000 after acquiring an additional 7,747 shares during the period. Viking Fund Management LLC bought a new position in Vistra in the third quarter worth about $1,185,000. Finally, Atria Investments Inc acquired a new position in Vistra in the first quarter valued at approximately $1,675,000. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. BNP Paribas assumed coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $145.40.

Vistra Price Performance

Shares of Vistra stock traded up $4.49 on Monday, hitting $146.64. The company had a trading volume of 5,745,778 shares, compared to its average volume of 6,905,125. Vistra Corp. has a 52 week low of $34.25 and a 52 week high of $152.64. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88. The company has a market cap of $49.89 billion, a PE ratio of 27.36 and a beta of 1.09. The business has a 50-day simple moving average of $119.52 and a 200-day simple moving average of $97.52.

Vistra announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, December 20th. Vistra's dividend payout ratio (DPR) is presently 16.42%.

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.