Retirement Systems of Alabama Decreases Stake in Vistra Corp. (NYSE:VST)

Retirement Systems of Alabama decreased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,946 shares of the company's stock after selling 10,468 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Vistra worth $16,215,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VST. Pacer Advisors Inc. increased its holdings in shares of Vistra by 19,070.8% in the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company's stock worth $214,426,000 after buying an additional 5,537,584 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Vistra by 12.1% in the third quarter. Bank of New York Mellon Corp now owns 5,551,117 shares of the company's stock worth $184,186,000 after buying an additional 597,875 shares during the period. Invesco Ltd. increased its holdings in shares of Vistra by 12.5% in the third quarter. Invesco Ltd. now owns 5,190,705 shares of the company's stock worth $172,228,000 after buying an additional 575,799 shares during the period. Third Point LLC increased its holdings in shares of Vistra by 8.6% in the third quarter. Third Point LLC now owns 3,604,252 shares of the company's stock worth $119,589,000 after buying an additional 285,652 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Vistra by 8.9% in the third quarter. Wellington Management Group LLP now owns 3,155,578 shares of the company's stock worth $104,702,000 after buying an additional 257,264 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Scott A. Hudson sold 86,517 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $59.11, for a total value of $5,114,019.87. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $15,069,030.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the transaction, the executive vice president now owns 184,201 shares of the company's stock, valued at $11,536,508.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,285 shares of company stock worth $15,404,397. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VST shares. BMO Capital Markets raised their target price on Vistra from $52.00 to $60.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Morgan Stanley reissued an "overweight" rating and issued a $78.00 target price on shares of Vistra in a research note on Monday, March 25th. Evercore ISI raised their target price on Vistra from $72.00 to $79.00 and gave the stock an "outperform" rating in a research note on Thursday, April 4th. Finally, Janney Montgomery Scott started coverage on Vistra in a research note on Thursday, April 18th. They issued a "buy" rating and a $82.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $67.20.

Vistra Stock Up 1.4 %

Vistra stock traded up $1.06 during trading hours on Wednesday, hitting $76.90. 6,170,089 shares of the stock traded hands, compared to its average volume of 5,077,734. The firm's 50-day moving average price is $64.87 and its two-hundred day moving average price is $47.28. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 4.26. The company has a market cap of $26.75 billion, a PE ratio of 21.18 and a beta of 1.05. Vistra Corp. has a one year low of $22.67 and a one year high of $79.09.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($1.02). The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. Vistra had a net margin of 10.10% and a return on equity of 20.05%. On average, research analysts forecast that Vistra Corp. will post 3.61 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.12%. This is a boost from Vistra's previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 19th. Vistra's payout ratio is presently 24.02%.

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.