Vistra Corp. (NYSE:VST) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,230 shares of the company's stock after selling 5,912 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Vistra were worth $3,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Vistra in the 4th quarter worth about $409,087,000. Massachusetts Financial Services Co. MA raised its stake in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after buying an additional 2,433,732 shares in the last quarter. Capital International Investors bought a new position in Vistra during the 4th quarter worth approximately $286,414,000. Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter worth approximately $237,441,000. Finally, Appaloosa LP increased its holdings in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of NYSE VST opened at $119.91 on Thursday. The stock has a market cap of $40.79 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.12 and a beta of 1.21. The firm's 50-day simple moving average is $124.59 and its 200 day simple moving average is $140.69. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week 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.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's payout ratio is 12.62%.

Analyst Ratings Changes

Several brokerages recently issued reports on VST. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. 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 upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $166.17.

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.

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