Resona Asset Management Co. Ltd. Increases Stake in Vistra Corp. $VST

Resona Asset Management Co. Ltd. lifted its position in Vistra Corp. (NYSE:VST) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 111,030 shares of the company’s stock after purchasing an additional 3,814 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Vistra were worth $21,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Vistra by 19.5% during the first quarter. D.A. Davidson & CO. now owns 6,872 shares of the company’s stock valued at $807,000 after buying an additional 1,123 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Vistra by 75.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,156 shares of the company’s stock worth $606,000 after acquiring an additional 2,212 shares during the period. Penserra Capital Management LLC boosted its position in shares of Vistra by 594.6% during the first quarter. Penserra Capital Management LLC now owns 6,196 shares of the company’s stock valued at $727,000 after purchasing an additional 5,304 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Vistra by 7.6% in the 1st quarter. Brown Advisory Inc. now owns 98,355 shares of the company’s stock worth $11,551,000 after buying an additional 6,908 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Melius assumed coverage on Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Finally, Scotiabank began coverage on shares of Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $229.93.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the sale, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 723,910 shares of company stock valued at $148,086,569. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 2.3%

Shares of Vistra stock opened at $184.97 on Friday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company’s fifty day simple moving average is $199.02 and its 200-day simple moving average is $183.71. The stock has a market capitalization of $62.67 billion, a PE ratio of 29.50, a P/E/G ratio of 2.69 and a beta of 1.30. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 14.35%.

Vistra Company 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.