New York State Common Retirement Fund Sells 6,200 Shares of Vistra Corp. (NYSE:VST)

New York State Common Retirement Fund trimmed its holdings in Vistra Corp. (NYSE:VST - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,425 shares of the company's stock after selling 6,200 shares during the period. New York State Common Retirement Fund's holdings in Vistra were worth $16,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in VST. Tucker Asset Management LLC purchased a new stake in shares of Vistra in the fourth quarter valued at $28,000. HM Payson & Co. raised its position in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares during the period. Ameriflex Group Inc. acquired a new position in Vistra in the fourth quarter valued at $32,000. Whittier Trust Co. grew its position in Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after acquiring an additional 274 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Vistra during the first quarter worth about $46,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of Vistra stock traded up $11.04 on Friday, reaching $193.04. 6,414,225 shares of the company traded hands, compared to its average volume of 7,110,758. The company has a 50 day moving average of $175.48 and a 200 day moving average of $152.59. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $200.25. The firm has a market capitalization of $65.50 billion, a PE ratio of 30.35, a PEG ratio of 2.14 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.47%. Vistra's payout ratio is presently 14.15%.

Analysts Set New Price Targets

A number of brokerages have commented on VST. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Raymond James Financial started coverage on Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. The Goldman Sachs Group raised their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley upped their target price on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, UBS Group increased their target price on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the sale, the director directly owned 255,192 shares of the company's stock, valued at $44,084,418. This trade represents a 16.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the transaction, the executive vice president directly owned 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

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.