Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Vistra Corp. $VST

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Vistra Corp. (NYSE:VST) by 7.3% in the second quarter, Holdings Channel reports. The fund owned 650,261 shares of the company’s stock after purchasing an additional 43,979 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Vistra were worth $126,027,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VST. City State Bank grew its stake in shares of Vistra by 210.0% during the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 105 shares during the period. NewSquare Capital LLC grew its position in Vistra by 65.9% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock valued at $41,000 after buying an additional 85 shares during the period. Banque Transatlantique SA increased its holdings in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in Vistra by 48.4% in the second quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares during the period. Finally, LRI Investments LLC boosted its stake in shares of Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 9,641 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $192.30, for a total transaction of $1,853,964.30. Following the sale, the chief executive officer owned 298,967 shares of the company’s stock, valued at $57,491,354.10. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 723,910 shares of company stock valued at $148,086,569 in the last quarter. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 3.3%

Shares of Vistra stock opened at $190.65 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The business has a 50-day moving average price of $199.04 and a 200-day moving average price of $184.79. The firm has a market cap of $64.60 billion, a price-to-earnings ratio of 68.83, a PEG ratio of 2.71 and a beta of 1.30.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.88%. Equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s payout ratio is 14.35%.

Analysts Set New Price Targets

VST has been the subject of several analyst reports. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Evercore ISI upped their price target on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday. Melius started coverage on Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective on the stock. Melius Research upgraded Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, BMO Capital Markets increased their target price on shares of Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday. Four equities research 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’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $234.21.

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.