New York State Teachers Retirement System Sells 7,828 Shares of Vistra Corp. (NYSE:VST)

New York State Teachers Retirement System trimmed its holdings in Vistra Corp. (NYSE:VST) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 293,960 shares of the company’s stock after selling 7,828 shares during the quarter. New York State Teachers Retirement System’s holdings in Vistra were worth $40,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vontobel Holding Ltd. raised its holdings in shares of Vistra by 46.5% in the fourth quarter. Vontobel Holding Ltd. now owns 5,251 shares of the company’s stock valued at $724,000 after buying an additional 1,667 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Vistra by 7.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,623 shares of the company’s stock valued at $362,000 after buying an additional 186 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Vistra by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 132,147 shares of the company’s stock valued at $18,458,000 after buying an additional 1,998 shares during the last quarter. Guardian Asset Advisors LLC bought a new position in shares of Vistra in the fourth quarter valued at about $254,000. Finally, Pathway Financial Advisers LLC raised its holdings in shares of Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Vistra Trading Up 1.2 %

NYSE:VST opened at $167.59 on Friday. Vistra Corp. has a fifty-two week low of $44.25 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a market capitalization of $57.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The business’s 50-day simple moving average is $158.32 and its 200-day simple moving average is $128.78.

Vistra announced that its board has approved a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock worth $55,087,314 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

About Vistra

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.