New York State Teachers Retirement System Sells 7,828 Shares of Vistra Corp. (NYSE:VST)

New York State Teachers Retirement System decreased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,960 shares of the company's stock after selling 7,828 shares during the period. New York State Teachers Retirement System owned about 0.09% of Vistra worth $40,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after buying an additional 154 shares during the last quarter. Founders Capital Management purchased a new position in shares of Vistra in the fourth quarter worth approximately $28,000. West Branch Capital LLC bought a new stake in Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Vistra in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America initiated coverage on Vistra in a report on Monday, January 27th. They set a "neutral" rating and a $206.00 price target for the company. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. Finally, 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 note on Friday, November 22nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and an average target price of $171.64.

Vistra Price Performance

NYSE VST traded up $1.55 during trading hours on Tuesday, reaching $169.21. The company's stock had a trading volume of 5,543,444 shares, compared to its average volume of 9,046,167. Vistra Corp. has a 1 year low of $45.52 and a 1 year 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. The company has a market capitalization of $57.57 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.17 and a beta of 1.22. The firm's 50-day moving average price is $158.71 and its 200-day moving average price is $130.19.

Vistra announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity

In other news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction dated 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 sale, the executive vice president now directly owns 318,287 shares of the company's stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the business'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 completion of the sale, the executive vice president now owns 254,932 shares in the company, 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. Insiders have sold a total of 342,100 shares of company stock worth $55,087,314 over the last quarter. Insiders own 1.42% of the company's stock.

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.