Vistra Corp. $VST Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,918 shares of the company’s stock after buying an additional 8,463 shares during the period. Daiwa Securities Group Inc.’s holdings in Vistra were worth $10,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Payden & Rygel boosted its stake in Vistra by 3,118.2% during the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after buying an additional 34,300 shares during the last quarter. Norges Bank acquired a new position in Vistra during the fourth quarter worth $746,729,000. Signature Estate & Investment Advisors LLC acquired a new position in Vistra during the fourth quarter worth $29,875,000. Legal & General Group Plc boosted its stake in Vistra by 12.2% during the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock worth $285,343,000 after buying an additional 192,274 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Vistra by 34.4% during the fourth quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock worth $30,479,000 after buying an additional 48,378 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $148.72 on Friday. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The company has a market capitalization of $50.15 billion, a P/E ratio of 24.91 and a beta of 1.40. The stock’s fifty day moving average is $154.21 and its two-hundred day moving average is $161.22.

Vistra (NYSE:VST) last posted its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Equities analysts expect that Vistra Corp. will post 9.3 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.229 dividend. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 15.24%.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $241.00 price objective on shares of Vistra in a research note on Monday, March 2nd. Morgan Stanley restated an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Wells Fargo & Company reduced their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. reduced their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus target price of $233.33.

Insider Buying and Selling at Vistra

In related news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares in the company, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares in the company, valued at $18,340,906.79. This represents a 8.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,600 shares of company stock worth $3,163,900 in the last quarter. Company insiders own 0.92% of the company’s stock.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.