Nomura Asset Management Co. Ltd. Has $21.80 Million Position in Vistra Corp. $VST

Nomura Asset Management Co. Ltd. raised its holdings in shares of Vistra Corp. (NYSE:VST) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,462 shares of the company’s stock after purchasing an additional 7,277 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vistra were worth $21,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ELCO Management Co. LLC acquired a new stake in shares of Vistra in the second quarter valued at approximately $499,000. Peak Financial Advisors LLC bought a new position in Vistra during the 2nd quarter worth $547,000. Tcfg Wealth Management LLC bought a new position in Vistra during the 2nd quarter worth $258,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Vistra by 55.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,232 shares of the company’s stock valued at $1,208,000 after acquiring an additional 2,220 shares during the period. Finally, Modus Advisors LLC increased its position in shares of Vistra by 5.9% in the second quarter. Modus Advisors LLC now owns 22,422 shares of the company’s stock worth $4,346,000 after purchasing an additional 1,240 shares during the period. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on VST. Morgan Stanley upped their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Wells Fargo & Company assumed coverage on shares of Vistra in a report on Monday, October 27th. They set an “overweight” rating and a $238.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen downgraded Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $234.21.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 43,074 shares of the business’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 in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 58,275 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the completion of the transaction, the executive vice president owned 218,239 shares of the company’s stock, valued at approximately $38,137,265.25. This trade represents a 21.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 860,120 shares of company stock valued at $171,817,820 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 0.1%

Shares of Vistra stock opened at $175.09 on Wednesday. The firm’s 50 day moving average is $197.41 and its 200 day moving average is $187.54. The firm has a market capitalization of $59.33 billion, a PE ratio of 63.21, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.227 per share. The ex-dividend date is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 32.49%.

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.