Teacher Retirement System of Texas Sells 162,168 Shares of Vistra Corp. (NYSE:VST)

Teacher Retirement System of Texas cut its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 39.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,405 shares of the company's stock after selling 162,168 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Vistra worth $28,820,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. First Horizon Advisors Inc. lifted its stake in Vistra by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 1,460 shares of the company's stock valued at $171,000 after acquiring an additional 329 shares in the last quarter. Private Trust Co. NA lifted its stake in Vistra by 62.3% during the 1st quarter. Private Trust Co. NA now owns 2,827 shares of the company's stock valued at $332,000 after acquiring an additional 1,085 shares in the last quarter. Rossby Financial LCC bought a new position in Vistra during the 1st quarter valued at $335,000. DAVENPORT & Co LLC lifted its stake in Vistra by 100.2% during the 1st quarter. DAVENPORT & Co LLC now owns 29,540 shares of the company's stock valued at $3,469,000 after acquiring an additional 14,786 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in Vistra by 28.8% during the 1st quarter. Summit Trail Advisors LLC now owns 6,670 shares of the company's stock valued at $783,000 after acquiring an additional 1,492 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the transaction, the executive vice president owned 218,239 shares in the company, valued at $34,259,158.22. This trade represents a 33.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last quarter. Insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST stock traded up $1.53 on Monday, hitting $193.73. 4,311,828 shares of the stock were exchanged, compared to its average volume of 7,171,772. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The firm has a market capitalization of $65.74 billion, a PE ratio of 30.46, a P/E/G ratio of 2.26 and a beta of 1.26. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The firm's 50 day moving average is $165.70 and its two-hundred day moving average is $149.58.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.46%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group raised their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Raymond James Financial started coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Finally, UBS Group raised their target price on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra 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.