State of New Jersey Common Pension Fund D Reduces Stake in Vistra Corp. (NYSE:VST)

State of New Jersey Common Pension Fund D reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,526 shares of the company's stock after selling 1,643 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Vistra were worth $17,582,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VST. Lionsbridge Wealth Management LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $277,000. Dakota Wealth Management acquired a new stake in Vistra in the fourth quarter valued at approximately $231,000. Empire Life Investments Inc. acquired a new stake in Vistra in the third quarter valued at approximately $23,028,000. Retirement Systems of Alabama grew its stake in Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock valued at $9,361,000 after acquiring an additional 6,920 shares during the period. Finally, First Sabrepoint Capital Management LP acquired a new stake in Vistra in the third quarter valued at approximately $17,781,000. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the company's stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Performance

NYSE:VST traded down $12.67 during trading on Friday, reaching $150.51. The company's stock had a trading volume of 9,944,101 shares, compared to its average volume of 8,996,157. The firm has a market cap of $51.21 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a 50 day moving average of $160.19 and a 200-day moving average of $131.92. Vistra Corp. has a 12 month low of $46.18 and a 12 month high of $199.84.

Vistra declared that its Board of Directors has approved 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 shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.59%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 16.60%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. Bank of America started coverage on Vistra in a research report on Monday, January 27th. They set a "neutral" rating and a $206.00 target price on the stock. BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. UBS Group upped their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Morgan Stanley upped their price target on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

Vistra 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.