Public Employees Retirement Association of Colorado Sells 1,417 Shares of Vistra Corp. (NYSE:VST)

Public Employees Retirement Association of Colorado decreased its holdings in Vistra Corp. (NYSE:VST) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,601 shares of the company’s stock after selling 1,417 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Vistra were worth $3,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Redwood Wealth Management Group LLC bought a new position in shares of Vistra during the second quarter worth approximately $26,000. Mather Group LLC. bought a new position in shares of Vistra during the first quarter worth approximately $26,000. EdgeRock Capital LLC bought a new position in shares of Vistra during the second quarter worth approximately $34,000. New Covenant Trust Company N.A. bought a new position in shares of Vistra during the first quarter worth approximately $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Vistra during the second quarter worth approximately $47,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 16.3 %

Shares of VST stock opened at $107.88 on Monday. The stock’s fifty day moving average price is $80.15 and its two-hundred day moving average price is $80.85. The company has a market cap of $37.48 billion, a PE ratio of 66.18 and a beta of 1.08. Vistra Corp. has a fifty-two week low of $31.16 and a fifty-two week high of $108.26. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the prior year, the business posted $1.03 EPS. Equities analysts predict that Vistra Corp. will post 4.52 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. Vistra’s dividend payout ratio (DPR) is 53.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VST. BMO Capital Markets increased their target price on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group started coverage on Vistra in a research note on Friday, September 13th. They set a “buy” rating and a $99.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $100.83.

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.