New Mexico Educational Retirement Board Has $2.26 Million Position in Vistra Corp. (NYSE:VST)

New Mexico Educational Retirement Board raised its stake in Vistra Corp. (NYSE:VST) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,400 shares of the company’s stock after purchasing an additional 400 shares during the period. New Mexico Educational Retirement Board’s holdings in Vistra were worth $2,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VST. Massachusetts Financial Services Co. MA increased its holdings in shares of Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp grew its stake in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares in the last quarter. Finally, Castle Hook Partners LP grew its stake in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after acquiring an additional 654,568 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target 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. Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target on the stock. UBS Group upped their price target 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. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is currently owned by insiders.

Vistra Stock Up 1.2 %

VST stock opened at $167.59 on Friday. The stock has a market capitalization of $57.02 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $44.25 and a 12 month high of $199.84. The firm has a 50-day moving average price of $158.32 and a 200-day moving average price of $129.20.

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

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.