Texas Permanent School Fund Corp Trims Stock Holdings in Vistra Corp. $VST

Texas Permanent School Fund Corp lowered its position in shares of Vistra Corp. (NYSE:VST) by 35.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 23,827 shares of the company’s stock after selling 13,227 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Vistra were worth $4,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VST. Twin Peaks Wealth Advisors LLC purchased a new stake in Vistra in the second quarter valued at approximately $28,000. Anfield Capital Management LLC acquired a new stake in Vistra during the 2nd quarter valued at approximately $29,000. City State Bank boosted its holdings in shares of Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Vistra by 19,300.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 194 shares of the company’s stock valued at $38,000 after acquiring an additional 193 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in shares of Vistra by 65.9% in the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after acquiring an additional 85 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE VST opened at $160.42 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The stock has a 50-day moving average of $183.19 and a 200 day moving average of $190.10. The stock has a market capitalization of $54.35 billion, a price-to-earnings ratio of 57.91, a PEG ratio of 2.99 and a beta of 1.39.

Vistra (NYSE:VST) last announced its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is currently 32.49%.

Insider Buying and Selling at Vistra

In related news, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the sale, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. The trade was a 21.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the sale, the executive vice president owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 721,103 shares of company stock valued at $141,444,518 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VST shares. KeyCorp assumed coverage on shares of Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 target price for the company. TD Cowen began coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective for the company. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Daiwa Capital Markets upgraded Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, September 17th. Finally, BMO Capital Markets upped their price objective on Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average target price of $232.40.

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.