Teachers Retirement System of The State of Kentucky Sells 12,563 Shares of Vistra Corp. (NYSE:VST)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,142 shares of the company's stock after selling 12,563 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Vistra were worth $3,691,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in VST. State Street Corp boosted its position in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the period. Lone Pine Capital LLC boosted its holdings in Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock valued at $587,932,000 after acquiring an additional 425,126 shares during the period. Massachusetts Financial Services Co. MA grew its position in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after acquiring an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC increased its stake in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. Finally, Castle Hook Partners LP lifted its position in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last ninety days. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 0.1 %

Shares of VST traded down $0.19 on Friday, reaching $144.89. The stock had a trading volume of 4,016,382 shares, compared to its average volume of 6,782,373. 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 company has a 50-day simple moving average of $139.60 and a 200-day simple moving average of $106.15. Vistra Corp. has a 12-month low of $37.38 and a 12-month high of $168.67. The firm has a market capitalization of $49.30 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

Vistra declared that its board has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Vistra Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, December 20th. 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 0.61%. Vistra's payout ratio is currently 16.42%.

Analyst Ratings Changes

VST has been the topic of several recent analyst reports. UBS Group cut their target price on shares of Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. started coverage on shares of Vistra in a research note on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group upped their price target on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $149.10.

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.