New York State Teachers Retirement System Trims Position in Vistra Corp. (NYSE:VST)

New York State Teachers Retirement System trimmed its position in shares of Vistra Corp. (NYSE:VST) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 303,695 shares of the company’s stock after selling 2,310 shares during the period. New York State Teachers Retirement System’s holdings in Vistra were worth $26,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VST. International Assets Investment Management LLC increased its holdings in shares of Vistra by 32,652.4% during the 4th quarter. International Assets Investment Management LLC now owns 61,247 shares of the company’s stock valued at $2,359,000 after purchasing an additional 61,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vistra by 1.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,028 shares of the company’s stock valued at $2,389,000 after purchasing an additional 829 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Vistra during the 4th quarter valued at approximately $255,000. Lindbrook Capital LLC increased its holdings in shares of Vistra by 64.4% during the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after purchasing an additional 329 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Vistra by 3.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,761 shares of the company’s stock valued at $1,069,000 after purchasing an additional 1,044 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Up 3.0 %

Shares of VST opened at $85.77 on Friday. Vistra Corp. has a 52-week low of $29.84 and a 52-week high of $107.24. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The firm’s fifty day moving average is $82.15 and its two-hundred day moving average is $75.49. The stock has a market cap of $29.80 billion, a PE ratio of 52.63 and a beta of 1.05.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the firm earned $1.03 EPS. Research analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VST. UBS Group boosted their price target on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Guggenheim raised shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. BMO Capital Markets boosted their price target on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Morgan Stanley boosted their price target on shares of Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average target price of $87.83.

Insiders Place Their Bets

In other news, Director Lisa Crutchfield purchased 335 shares of the stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $89.46 per share, with a total value of $29,969.10. Following the transaction, the director now owns 32,186 shares in the company, valued at approximately $2,879,359.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Vistra Company 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.