New Mexico Educational Retirement Board Acquires 400 Shares of Vistra Corp. (NYSE:VST)

New Mexico Educational Retirement Board boosted its holdings in Vistra Corp. (NYSE:VST) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,400 shares of the company’s stock after buying an additional 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Vistra were worth $2,261,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Galvin Gaustad & Stein LLC increased its position in Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares during the period. Forum Financial Management LP increased its position in Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after purchasing an additional 80 shares during the period. Umpqua Bank increased its position in Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock valued at $448,000 after purchasing an additional 81 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after purchasing an additional 81 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 in the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Up 1.2 %

VST stock opened at $167.59 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $57.02 billion, a PE ratio of 31.27, a PEG ratio of 1.17 and a beta of 1.22. Vistra Corp. has a twelve month low of $44.25 and a twelve month high of $199.84. The stock has a 50-day simple moving average of $158.32 and a two-hundred day simple moving average of $129.20.

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

Vistra 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.