Vistra Corp. (NYSE:VST) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its holdings in Vistra Corp. (NYSE:VST) by 97.0% during the third quarter, HoldingsChannel.com reports. The fund owned 2,294 shares of the company’s stock after selling 73,698 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Vistra were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Forum Financial Management LP raised its position in Vistra by 0.7% in the third 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 raised its holdings in shares of 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 buying an additional 81 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of 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 buying an additional 81 shares during the period. Interchange Capital Partners LLC boosted its holdings in Vistra by 4.2% in the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock worth $321,000 after acquiring an additional 109 shares during the period. Finally, Simplicity Wealth LLC grew its position in Vistra by 3.0% in the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 2.8 %

Shares of NYSE VST opened at $161.93 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 stock’s 50 day moving average price is $125.72 and its two-hundred day moving average price is $99.36. Vistra Corp. has a 52-week low of $34.61 and a 52-week high of $168.67. The stock has a market capitalization of $55.09 billion, a P/E ratio of 30.17, a PEG ratio of 1.99 and a beta of 1.09.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is currently 16.42%.

Analysts Set New Price Targets

VST has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. UBS Group cut their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets boosted their price target on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group raised their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $149.10.

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.