Nippon Life Global Investors Americas Inc. Sells 19,950 Shares of Vistra Corp. $VST

Nippon Life Global Investors Americas Inc. reduced its holdings in shares of Vistra Corp. (NYSE:VST) by 13.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,110 shares of the company’s stock after selling 19,950 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Vistra were worth $25,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealth Effects LLC lifted its holdings in shares of Vistra by 1.1% in the third quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock worth $1,133,000 after acquiring an additional 65 shares during the last quarter. Bridgewater Advisors Inc. lifted its stake in Vistra by 4.0% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after purchasing an additional 67 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Vistra by 2.2% in the second quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after buying an additional 71 shares in the last quarter. Fogel Capital Management Inc. grew its stake 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 worth $1,531,000 after buying an additional 72 shares during the last quarter. Finally, Forefront Wealth Management Inc. increased its holdings in shares of Vistra by 6.0% during the third quarter. Forefront Wealth Management Inc. now owns 1,278 shares of the company’s stock worth $250,000 after buying an additional 72 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

VST stock opened at $166.93 on Friday. The firm has a market cap of $56.56 billion, a PE ratio of 60.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The stock has a 50-day moving average price of $169.20 and a 200-day moving average price of $187.86. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. As a group, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.227 per share. This is a boost 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 was Monday, December 22nd. Vistra’s payout ratio is currently 32.49%.

Insider Activity at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction on Friday, November 14th. The shares were sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company’s stock, valued at approximately $38,137,265.25. The trade was a 21.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the transaction, the executive vice president directly owned 79,854 shares in the company, valued at $13,842,690.90. This trade represents a 9.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 278,995 shares of company stock valued at $50,757,547. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of a number of research reports. Cowen assumed coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. BMO Capital Markets lifted their price target on Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Bank of America lowered their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, January 12th. 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. Finally, Wells Fargo & Company began coverage on shares of Vistra in a report on Monday, October 27th. They set an “overweight” rating and a $238.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $239.40.

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.