California Public Employees Retirement System Has $81.72 Million Holdings in Vistra Corp. (NYSE:VST)

California Public Employees Retirement System decreased its stake in Vistra Corp. (NYSE:VST) by 10.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 592,695 shares of the company’s stock after selling 66,912 shares during the period. California Public Employees Retirement System’s holdings in Vistra were worth $81,715,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VST. Dynamic Technology Lab Private Ltd bought a new stake in shares of Vistra in the 3rd quarter worth about $222,000. Townsquare Capital LLC grew its stake in Vistra by 12.9% during the third quarter. Townsquare Capital LLC now owns 4,838 shares of the company’s stock worth $573,000 after buying an additional 554 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Vistra by 49.2% during the third quarter. Glenmede Trust Co. NA now owns 17,560 shares of the company’s stock worth $2,082,000 after buying an additional 5,788 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Vistra by 28.2% during the third quarter. CreativeOne Wealth LLC now owns 3,489 shares of the company’s stock worth $414,000 after buying an additional 767 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vistra by 7.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,190,707 shares of the company’s stock valued at $141,146,000 after acquiring an additional 77,572 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

Shares of Vistra stock opened at $117.53 on Tuesday. The firm has a fifty day moving average of $146.31 and a two-hundred day moving average of $141.09. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market capitalization of $39.98 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.76%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 12.62%.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.50.

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.