California Public Employees Retirement System cut its stake in Vistra Corp. (NYSE:VST – Get Rating) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,625 shares of the company’s stock after selling 87,005 shares during the period. California Public Employees Retirement System owned 0.21% of Vistra worth $23,308,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in Vistra in the fourth quarter valued at $28,000. National Bank of Canada FI acquired a new stake in Vistra in the fourth quarter valued at $35,000. Amplius Wealth Advisors LLC acquired a new stake in Vistra in the fourth quarter valued at $59,000. First Horizon Advisors Inc. raised its holdings in Vistra by 71.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,927 shares of the company’s stock valued at $67,000 after acquiring an additional 1,223 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Vistra by 29.8% during the third quarter. Captrust Financial Advisors now owns 4,089 shares of the company’s stock worth $70,000 after purchasing an additional 939 shares during the period.
Separately, Zacks Investment Research raised shares of Vistra from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Thursday, May 5th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $24.71.
Vistra (NYSE:VST – Get Rating) last released its quarterly earnings results on Friday, February 25th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $3.14 by ($1.69). The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $4.66 billion. Vistra had a return on equity of 13.60% and a net margin of 4.03%. As a group, sell-side analysts forecast that Vistra Corp. will post 2.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be given a dividend of $0.177 per share. The ex-dividend date is Tuesday, June 21st. This represents a $0.71 annualized dividend and a dividend yield of 2.88%. This is a positive change from Vistra’s previous quarterly dividend of $0.17. Vistra’s dividend payout ratio is currently 83.95%.
In other news, CFO James A. Burke purchased 12,938 shares of the stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of $23.19 per share, for a total transaction of $300,032.22. Following the completion of the transaction, the chief financial officer now owns 369,260 shares of the company’s stock, valued at $8,563,139.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen J. Muscato sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $22.39, for a total transaction of $1,119,500.00. The disclosure for this sale can be found here. Insiders have sold 3,434,724 shares of company stock valued at $88,566,947 in the last 90 days. Insiders own 1.47% of the company’s stock.
Vistra Company Profile (Get Rating)
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 20 states in the United States and the District of Columbia.
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