Resona Asset Management Co. Ltd. Invests $13.71 Million in Vistra Corp. (NYSE:VST)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 99,233 shares of the company’s stock, valued at approximately $13,708,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Vistra during the fourth quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA grew its stake in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Vistra during the 4th quarter worth approximately $237,441,000. Appaloosa LP lifted its stake in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after purchasing an additional 1,429,612 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Vistra by 568.0% in the 3rd quarter. National Bank of Canada FI now owns 655,368 shares of the company’s stock valued at $77,687,000 after purchasing an additional 557,258 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VST. The Goldman Sachs Group started coverage on shares of Vistra in a report on Friday. They issued a “neutral” rating and a $134.00 price target on the stock. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and an average target price of $161.23.

Vistra Stock Performance

NYSE VST opened at $97.76 on Monday. The company has a 50-day simple moving average of $140.32 and a two-hundred day simple moving average of $141.78. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.91%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

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.