California State Teachers Retirement System Boosts Holdings in Vistra Corp. $VST

California State Teachers Retirement System increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 15,825.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,386,324 shares of the company's stock after purchasing an additional 61,994,589 shares during the period. California State Teachers Retirement System owned 18.59% of Vistra worth $9,896,343,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Vistra during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Vistra in the 4th quarter valued at about $30,000. Strive Financial Group LLC acquired a new position in shares of Vistra in the fourth quarter valued at $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in Vistra in the 4th quarter valued at $35,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Up 1.7%

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

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, analysts expect that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra's payout ratio is 15.54%.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 244 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director directly owned 232,200 shares in the company, valued at $37,152,000. This represents a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,988 shares of company stock valued at $5,178,427. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on VST. TD Cowen dropped their target price on shares of Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. BNP Paribas Exane set a $255.00 price objective on shares of Vistra in a research note on Wednesday, August 19th. UBS Group reduced their price target on shares of Vistra from $233.00 to $227.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated a "buy" rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $212.00 price objective on shares of Vistra in a research report on Monday, August 10th. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $223.53.

About Vistra

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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