Kentucky Retirement Systems Acquires Shares of 23,934 Vistra Corp. (NYSE:VST)

Kentucky Retirement Systems acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,934 shares of the company's stock, valued at approximately $2,837,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VST. Redwood Wealth Management Group LLC purchased a new position in Vistra during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra in the third quarter valued at approximately $30,000. New Covenant Trust Company N.A. acquired a new position in Vistra during the first quarter worth $32,000. CVA Family Office LLC boosted its position in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after buying an additional 256 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of Vistra in the second quarter valued at $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Up 3.2 %

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

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.60%. Vistra's payout ratio is presently 16.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VST shares. BNP Paribas started coverage on Vistra in a report on Monday, October 14th. They set an "outperform" rating and a $231.00 target price for the company. UBS Group dropped their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Morgan Stanley boosted their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $145.40.

About Vistra

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.