Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Vistra Corp. (NYSE:VST)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 62.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,705 shares of the company’s stock after selling 71,895 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vistra were worth $3,758,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VST. Castle Hook Partners LP grew its stake in Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after buying an additional 3,108,511 shares during the period. TD Asset Management Inc boosted its stake in shares of Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the period. Electron Capital Partners LLC boosted its stake in shares of Vistra by 468.2% in the fourth quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock valued at $82,006,000 after purchasing an additional 1,754,223 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after purchasing an additional 1,356,488 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Vistra by 1,358.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets upped their target price on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Royal Bank of Canada upped their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley upped their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $115.14.

Vistra Trading Up 5.6 %

NYSE VST opened at $132.45 on Friday. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $135.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The company has a market capitalization of $46.02 billion, a price-to-earnings ratio of 81.26 and a beta of 1.08. The company’s fifty day moving average price is $86.32 and its two-hundred day moving average price is $83.89.

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 for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same period last year, the company posted $1.03 earnings per share. As a group, research analysts predict that Vistra Corp. will post 4.7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio is 53.37%.

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.