VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 67,245 Vistra Corp. $VST

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,245 shares of the company’s stock, valued at approximately $10,667,000.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of Vistra by 15,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 62,386,324 shares of the company’s stock worth $9,896,343,000 after buying an additional 61,994,589 shares during the period. BlackRock Inc. acquired a new position in Vistra in the 2nd quarter valued at about $4,610,496,000. State Street Corp raised its holdings in Vistra by 2.7% in the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after acquiring an additional 432,028 shares during the period. Geode Capital Management LLC raised its holdings in Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after acquiring an additional 97,424 shares during the period. Finally, Norges Bank acquired a new stake in Vistra during the fourth quarter worth approximately $746,729,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of Vistra stock opened at $151.80 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $50.95 billion, a price-to-earnings ratio of 25.64 and a beta of 1.40. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a 50-day simple moving average of $148.98 and a two-hundred day simple moving average of $154.40.

Vistra (NYSE:VST) last announced its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Analysts forecast that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio is presently 15.54%.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares of the company’s stock, valued at $12,021,380. The trade was a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke bought 4,465 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $135.25 per share, with a total value of $603,891.25. Following the completion of the transaction, the chief executive officer owned 1,146,352 shares in the company, valued at approximately $155,044,108. This trade represents a 0.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 31,988 shares of company stock worth $5,178,427. 0.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings cut Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Mizuho initiated coverage on Vistra in a research note on Monday, August 24th. They set an “outperform” rating and a $169.00 target price on the stock. UBS Group dropped their price target on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Wells Fargo & Company restated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research note on Monday, August 10th. Finally, Zacks Research lowered Vistra from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and a consensus price target of $223.53.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.