Texas Permanent School Fund Corp Acquires 3,847 Shares of Vistra Corp. (NYSE:VST)

Texas Permanent School Fund Corp lifted its holdings in shares of Vistra Corp. (NYSE:VST) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 294,150 shares of the company’s stock after acquiring an additional 3,847 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Vistra worth $20,488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Team Hewins LLC bought a new position in shares of Vistra during the 1st quarter worth approximately $264,000. Affinity Investment Advisors LLC bought a new position in shares of Vistra during the 1st quarter worth approximately $300,000. Csenge Advisory Group bought a new position in shares of Vistra during the 1st quarter worth approximately $368,000. Avidian Wealth Solutions LLC bought a new position in shares of Vistra during the 1st quarter worth approximately $373,000. Finally, TFB Advisors LLC bought a new stake in Vistra in the 1st quarter valued at $707,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent research reports. Guggenheim upgraded Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. BMO Capital Markets boosted their price target on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Morgan Stanley boosted their price target on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Janney Montgomery Scott initiated coverage on Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target for the company. Finally, Evercore ISI boosted their price target on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $87.83.

Insider Transactions at Vistra

In other Vistra news, Director Lisa Crutchfield purchased 335 shares of the stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the acquisition, the director now owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by insiders.

Vistra Price Performance

NYSE VST traded down $0.71 during midday trading on Thursday, hitting $91.60. The company had a trading volume of 5,850,542 shares, compared to its average volume of 6,677,996. The company has a market capitalization of $31.83 billion, a PE ratio of 56.20 and a beta of 1.05. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The firm has a 50-day moving average price of $91.25 and a 200-day moving average price of $67.23. Vistra Corp. has a twelve month low of $26.06 and a twelve month high of $107.24.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, analysts anticipate that Vistra Corp. will post 3.95 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.218 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 53.37%.

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.