Resona Asset Management Co. Ltd. Buys 3,814 Shares of Vistra Corp. $VST

Resona Asset Management Co. Ltd. lifted its position in Vistra Corp. (NYSE:VST) by 3.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 111,030 shares of the company’s stock after acquiring an additional 3,814 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Vistra were worth $21,541,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 723,910 shares of company stock valued at $148,086,569 in the last ninety days. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VST. The Goldman Sachs Group upped their target price on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. UBS Group lifted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Morgan Stanley boosted their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Melius Research raised shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average target price of $229.93.

Vistra Price Performance

NYSE VST opened at $184.97 on Friday. The company has a market cap 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 firm’s 50 day moving average price is $199.02 and its 200-day moving average price is $183.71. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share 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 company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

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.