Strs Ohio Invests $12.41 Million in Vistra Corp. $VST

Strs Ohio purchased a new position in Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 105,668 shares of the company's stock, valued at approximately $12,410,000.

Other institutional investors also recently made changes to their positions in the company. Banque Transatlantique SA lifted its stake in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after acquiring an additional 132 shares during the period. HM Payson & Co. lifted its stake 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 acquiring an additional 168 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Vistra in the 4th quarter worth approximately $32,000. Keener Financial Planning LLC acquired a new stake in shares of Vistra in the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC acquired a new stake in Vistra during the first quarter valued at approximately $37,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on VST. Melius began coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Jefferies Financial Group increased their target price on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. UBS Group increased their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an "overweight" rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $201.43.

Vistra Stock Up 2.8%

VST stock opened at $209.67 on Friday. Vistra Corp. has a 12-month low of $81.12 and a 12-month high of $216.85. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a market cap of $71.04 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 3.19 and a beta of 1.33. The company has a 50 day moving average of $196.55 and a two-hundred day moving average of $161.67.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

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.

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