Maryland State Retirement & Pension System Has $2.50 Million Stock Position in Vistra Corp. (NYSE:VST)

Maryland State Retirement & Pension System reduced its position in Vistra Corp. (NYSE:VST) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,116 shares of the company’s stock after selling 1,462 shares during the period. Maryland State Retirement & Pension System’s holdings in Vistra were worth $2,498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. lifted its holdings in Vistra by 15.7% during the fourth quarter. Xponance Inc. now owns 87,920 shares of the company’s stock worth $12,122,000 after acquiring an additional 11,936 shares in the last quarter. Horizon Investments LLC lifted its holdings in Vistra by 69.4% during the fourth quarter. Horizon Investments LLC now owns 19,430 shares of the company’s stock worth $2,679,000 after acquiring an additional 7,961 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Vistra by 10.2% during the fourth quarter. Advisors Asset Management Inc. now owns 23,282 shares of the company’s stock worth $3,210,000 after acquiring an additional 2,147 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in Vistra by 15.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,208 shares of the company’s stock worth $994,000 after acquiring an additional 948 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Vistra by 34.9% during the fourth quarter. Signaturefd LLC now owns 3,513 shares of the company’s stock worth $484,000 after acquiring an additional 909 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VST shares. Daiwa Capital Markets started coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Vistra Price Performance

Shares of NYSE VST opened at $132.26 on Friday. The business’s 50 day moving average price is $152.47 and its two-hundred day moving average price is $137.89. The company has a market cap of $44.99 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 12.62%.

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.