Vistra Corp. (NYSE:VST) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,310 shares of the company's stock after selling 30,215 shares during the period. Vistra accounts for about 0.1% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 26th largest position. Ontario Teachers Pension Plan Board owned about 0.08% of Vistra worth $10,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in Vistra by 19,070.8% in the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company's stock valued at $214,426,000 after buying an additional 5,537,584 shares during the last quarter. Norges Bank purchased a new stake in shares of Vistra in the 4th quarter valued at $77,523,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Vistra in the third quarter worth $57,218,000. Deutsche Bank AG raised its holdings in shares of Vistra by 509.3% during the third quarter. Deutsche Bank AG now owns 1,734,590 shares of the company's stock worth $57,554,000 after purchasing an additional 1,449,905 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Vistra by 1,701.3% during the third quarter. Federated Hermes Inc. now owns 1,469,484 shares of the company's stock worth $48,757,000 after purchasing an additional 1,387,906 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Shares of VST stock traded up $0.04 during trading hours on Wednesday, hitting $94.28. 6,522,733 shares of the company's stock were exchanged, compared to its average volume of 6,241,615. The firm has a 50 day moving average of $75.73 and a two-hundred day moving average of $53.48. Vistra Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $97.90. The firm has a market cap of $32.76 billion, a P/E ratio of 57.84 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06.

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 analysts' consensus estimates of $0.54 by ($1.02). The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $5.48 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. Sell-side analysts forecast that Vistra Corp. will post 3.61 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 52.76%.

Analysts Set New Price Targets

A number of research firms have weighed in on VST. UBS Group lifted their price objective on Vistra from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Evercore ISI boosted their price target on Vistra from $72.00 to $79.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Morgan Stanley restated an "overweight" rating and issued a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. Guggenheim raised shares of Vistra to a "strong-buy" rating in a report on Tuesday, May 7th. Finally, Janney Montgomery Scott assumed coverage on shares of Vistra in a report on Thursday, April 18th. They set a "buy" rating and a $82.00 price target on the stock. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $82.50.

Insider Activity at Vistra

In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now owns 184,201 shares in the company, valued at approximately $11,536,508.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the transaction, the executive vice president now directly owns 161,888 shares in the company, valued at $9,470,448. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,285 shares of company stock valued at $15,404,397. 1.42% of the stock is owned by corporate insiders.

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.