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

Nomura Asset Management Co. Ltd. increased its position in shares of Vistra Corp. (NYSE:VST) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,462 shares of the company’s stock after buying an additional 7,277 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Vistra were worth $21,796,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VST. Bridgewater Advisors Inc. lifted its position in shares of Vistra by 4.0% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after acquiring an additional 67 shares during the period. Verdence Capital Advisors LLC boosted its stake in Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after purchasing an additional 71 shares during the last quarter. Fogel Capital Management Inc. boosted its position in shares of Vistra by 0.9% during the second quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after buying an additional 72 shares during the last quarter. Red Mountain Financial LLC lifted its stake in Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after acquiring an additional 74 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after acquiring an additional 75 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE:VST opened at $175.09 on Wednesday. The company has a market capitalization of $59.33 billion, a P/E ratio of 63.21, a P/E/G ratio of 2.19 and a beta of 1.30. The business has a fifty day simple moving average of $197.41 and a two-hundred day simple moving average of $187.54. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion during 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 64.04%. On average, analysts expect 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. Investors of record on Monday, December 22nd will be paid a dividend of $0.227 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s dividend payout ratio is presently 32.49%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Cowen started coverage on shares of Vistra in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Weiss Ratings lowered shares of Vistra from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, November 13th. Evercore ISI lifted their target price on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, UBS Group increased their price target on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $234.21.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the completion of the transaction, the executive vice president owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James A. Burke sold 21,935 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the transaction, the chief executive officer directly owned 271,074 shares of the company’s stock, valued at approximately $50,563,433.22. This represents a 7.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 860,120 shares of company stock valued at $171,817,820. Company 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.