California State Teachers Retirement System increased its position in Vistra Corp. (NYSE:VST – Free Report) by 15,825.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 62,386,324 shares of the company’s stock after buying an additional 61,994,589 shares during the period. California State Teachers Retirement System owned 0.19% of Vistra worth $9,896,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Vistra in the 2nd quarter valued at approximately $4,610,496,000. Norges Bank bought a new stake in shares of Vistra in the 4th quarter valued at about $746,729,000. Fifth Third Bancorp increased its stake in shares of Vistra by 95.1% in the 1st quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock worth $26,638,000 after acquiring an additional 86,393 shares in the last quarter. Payden & Rygel boosted its stake in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after buying an additional 34,300 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra during the fourth quarter valued at approximately $29,875,000. Institutional investors and hedge funds own 90.88% of the company’s stock.
Vistra Trading Up 1.7%
NYSE:VST opened at $151.80 on Wednesday. The firm 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 one year low of $132.66 and a one year high of $219.82. The business has a fifty day moving average price of $148.98 and a 200-day moving average price of $154.40. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87.
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 issued a dividend of $0.23 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s dividend payout ratio is 15.54%.
Insider Activity at Vistra
In related news, Director Scott Helm sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Sult sold 6,500 shares of the stock in a transaction dated 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 transaction, the director owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,988 shares of company stock valued at $5,178,427. 0.92% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts have weighed in on VST shares. Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research note on Monday, August 10th. Mizuho initiated coverage on shares of Vistra in a research note on Monday, August 24th. They issued an “outperform” rating and a $169.00 price objective on the stock. Finally, Scotiabank raised their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $223.53.
View Our Latest Research Report on VST
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.
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