Public Sector Pension Investment Board Boosts Position in Vistra Corp. (NYSE:VST)

Public Sector Pension Investment Board boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 730.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 460,072 shares of the company's stock after acquiring an additional 404,700 shares during the quarter. Public Sector Pension Investment Board owned 0.14% of Vistra worth $54,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra during the third quarter valued at approximately $30,000. New Covenant Trust Company N.A. purchased a new position in shares of Vistra during the first quarter worth approximately $32,000. CVA Family Office LLC lifted its holdings in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after acquiring an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Vistra in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other Vistra news, 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 transaction, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Down 5.0 %

VST stock traded down $8.14 during trading on Thursday, reaching $154.52. The company had a trading volume of 4,819,867 shares, compared to its average volume of 6,884,115. The business has a 50 day moving average of $131.23 and a 200 day moving average of $101.40. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market cap of $52.57 billion, a P/E ratio of 28.83, a PEG ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 52 week low of $34.88 and a 52 week high of $168.67.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given 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 annualized dividend and a dividend yield of 0.57%. Vistra's payout ratio is currently 16.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 target price on the stock. Royal Bank of Canada lifted their price objective on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. UBS Group dropped their target price on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Finally, BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average 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.