California State Teachers Retirement System Trims Stock Position in Vistra Corp. (NYSE:VST)

California State Teachers Retirement System decreased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,195 shares of the company's stock after selling 19,226 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Vistra worth $56,829,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its position in Vistra by 201.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company's stock worth $760,000 after acquiring an additional 3,682 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in Vistra by 52.3% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 15,198 shares of the company's stock worth $2,129,000 after buying an additional 5,219 shares in the last quarter. KBC Group NV raised its stake in Vistra by 14.2% in the fourth quarter. KBC Group NV now owns 29,475 shares of the company's stock worth $4,064,000 after buying an additional 3,673 shares in the last quarter. Five Oceans Advisors acquired a new position in shares of Vistra during the fourth quarter worth $213,000. Finally, Jones Financial Companies Lllp increased its position in shares of Vistra by 355.8% during the fourth quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock worth $883,000 after purchasing an additional 5,002 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the sale, the executive vice president now directly owns 88,073 shares of the company's stock, valued at approximately $14,218,505.12. The trade was a 28.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 243,136 shares of company stock worth $37,529,690. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VST. Morgan Stanley reaffirmed an "overweight" rating and set a $178.00 price target (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. The Goldman Sachs Group increased their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group increased their target price on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $169.08.

Vistra Trading Up 0.4%

Vistra stock traded up $0.61 during trading on Friday, hitting $160.34. The company had a trading volume of 5,295,934 shares, compared to its average volume of 7,505,221. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company's 50 day simple moving average is $131.61 and its 200-day simple moving average is $144.10. The stock has a market cap of $54.41 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

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.