State of Michigan Retirement System Sells 6,200 Shares of Vistra Corp. $VST

State of Michigan Retirement System lessened its position in shares of Vistra Corp. (NYSE:VST) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,100 shares of the company’s stock after selling 6,200 shares during the period. State of Michigan Retirement System’s holdings in Vistra were worth $16,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VST. Salomon & Ludwin LLC purchased a new stake in shares of Vistra in the third quarter worth $25,000. Quent Capital LLC bought a new position in Vistra in the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Vistra in the 2nd quarter valued at about $28,000. Archer Investment Corp boosted its position in shares of Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares during the last quarter. Finally, Anfield Capital Management LLC bought a new stake in shares of Vistra during the 2nd quarter valued at about $29,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Vistra news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the sale, the executive vice president owned 306,600 shares of the company’s stock, valued at $51,772,476. This represents a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the transaction, the chief executive officer owned 297,998 shares in the company, valued at $48,290,575.90. The trade was a 6.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 166,680 shares of company stock valued at $28,761,790. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on VST. Bank of America lowered their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. BMO Capital Markets raised their price objective on shares of Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Scotiabank upped their target price on shares of Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. lowered their price target on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 16th. Finally, UBS Group upped their price objective on Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Vistra presently has a consensus rating of “Buy” and an average price target of $239.33.

Vistra Trading Up 4.5%

Shares of VST stock opened at $149.53 on Friday. The business has a 50-day moving average of $163.49 and a 200 day moving average of $184.29. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The stock has a market capitalization of $50.67 billion, a PE ratio of 53.98, a P/E/G ratio of 0.91 and a beta of 1.40.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

About Vistra

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.