Asset Management One Co. Ltd. Has $27.24 Million Stock Holdings in Vistra Corp. $VST

Asset Management One Co. Ltd. boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 140,564 shares of the company’s stock after acquiring an additional 5,005 shares during the period. Asset Management One Co. Ltd.’s holdings in Vistra were worth $27,243,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in shares of Vistra by 2.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after buying an additional 71 shares during the last quarter. Fogel Capital Management Inc. boosted its holdings in shares of Vistra by 0.9% in the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after buying an additional 72 shares during the last quarter. Red Mountain Financial LLC boosted its holdings in shares of Vistra by 3.1% in the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after buying an additional 74 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after buying an additional 75 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its holdings in shares of Vistra by 4.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock worth $329,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VST shares. JPMorgan Chase & Co. upped their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. The Goldman Sachs Group upped their price objective on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Finally, Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, September 17th. Four investment 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 stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus price target of $229.31.

Vistra Trading Up 5.4%

Shares of Vistra stock opened at $201.62 on Friday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The company has a market cap of $68.31 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.72 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company’s 50-day moving average price is $199.45 and its 200-day moving average price is $178.41.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. On average, equities analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were issued a $0.226 dividend. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra’s payout ratio is currently 14.35%.

Insider Activity

In related news, CEO James A. Burke sold 19,612 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $188.30, for a total value of $3,692,939.60. Following the sale, the chief executive officer directly owned 292,642 shares of the company’s stock, valued at $55,104,488.60. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 654,583 shares of company stock valued at $134,542,882 over the last quarter. Corporate insiders own 1.42% of the company’s stock.

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.