Mutual of America Capital Management LLC Has $5.62 Million Stake in Vistra Corp. (NYSE:VST)

Mutual of America Capital Management LLC decreased its position in Vistra Corp. (NYSE:VST) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,752 shares of the company’s stock after selling 1,546 shares during the period. Mutual of America Capital Management LLC’s holdings in Vistra were worth $5,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after buying an additional 1,293,974 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after buying an additional 1,000,307 shares during the period. Castle Hook Partners LP boosted its stake in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares during the period. Finally, Rubric Capital Management LP boosted its stake in shares of Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after buying an additional 797,894 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VST shares. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. BMO Capital Markets boosted 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. UBS Group boosted 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. Morgan Stanley boosted 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, Bank of America initiated coverage on Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.64.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Down 7.4 %

Shares of VST opened at $123.79 on Tuesday. Vistra Corp. has a 52 week low of $55.28 and a 52 week high of $199.84. The stock has a market capitalization of $42.12 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a fifty day moving average of $160.13 and a 200-day moving average of $134.83.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio is presently 16.60%.

Vistra announced that its board has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership 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.