Oregon Public Employees Retirement Fund Sells 337 Shares of Vistra Corp. (NYSE:VST)

Oregon Public Employees Retirement Fund lessened its stake in Vistra Corp. (NYSE:VST) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 29,161 shares of the company’s stock after selling 337 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Vistra were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of VST. Private Advisor Group LLC raised its holdings in shares of Vistra by 4.8% in the 3rd quarter. Private Advisor Group LLC now owns 8,366 shares of the company’s stock worth $992,000 after purchasing an additional 381 shares during the period. PFG Investments LLC bought a new stake in shares of Vistra in the 3rd quarter worth approximately $284,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vistra by 104.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,859 shares of the company’s stock worth $4,962,000 after purchasing an additional 21,418 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Vistra by 12.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,925 shares of the company’s stock worth $4,732,000 after purchasing an additional 4,405 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Vistra by 104.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 107,141 shares of the company’s stock worth $12,700,000 after purchasing an additional 54,645 shares during the period. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is owned by company insiders.

Vistra Stock Up 7.2 %

VST opened at $147.84 on Thursday. The company has a fifty day moving average price of $160.40 and a 200-day moving average price of $133.70. The firm has a market capitalization of $50.30 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a one year low of $48.22 and a one year high of $199.84.

Vistra declared that its Board of Directors has approved a share repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.60%. Vistra’s payout ratio is 16.42%.

Analyst Ratings Changes

A number of research firms recently commented on VST. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Bank of America started coverage on shares of Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price objective for the company. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $171.64.

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.