State of New Jersey Common Pension Fund D Has $17.58 Million Stake in Vistra Corp. (NYSE:VST)

State of New Jersey Common Pension Fund D lowered its holdings in Vistra Corp. (NYSE:VST) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,526 shares of the company’s stock after selling 1,643 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Vistra were worth $17,582,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Founders Capital Management purchased a new stake in shares of Vistra in the fourth quarter worth approximately $28,000. West Branch Capital LLC bought a new position in shares of Vistra in the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the fourth quarter worth $28,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. 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. Bank of America assumed coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price on the stock. Finally, Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were 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 owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now directly 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. In the last 90 days, insiders sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by insiders.

Vistra Stock Performance

NYSE:VST opened at $167.59 on Tuesday. The company has a market capitalization of $57.02 billion, a P/E ratio of 31.27, a P/E/G ratio of 1.17 and a beta of 1.22. The business has a fifty day simple moving average of $158.71 and a two-hundred day simple moving average of $130.19. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1 year low of $44.25 and a 1 year high of $199.84.

Vistra declared that its board has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are 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.