Resona Asset Management Co. Ltd. Sells 5,525 Shares of Vistra Corp. $VST

Resona Asset Management Co. Ltd. trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,505 shares of the company’s stock after selling 5,525 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Vistra were worth $20,706,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. UniSuper Management Pty Ltd grew its position in shares of Vistra by 5.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 27,989 shares of the company’s stock worth $5,484,000 after purchasing an additional 1,397 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Vistra by 11.2% in the third quarter. Teacher Retirement System of Texas now owns 193,386 shares of the company’s stock valued at $37,888,000 after buying an additional 19,547 shares during the period. Parkside Financial Bank & Trust grew its position in Vistra by 26.5% during the third quarter. Parkside Financial Bank & Trust now owns 5,048 shares of the company’s stock worth $989,000 after buying an additional 1,058 shares in the last quarter. iA Global Asset Management Inc. increased its stake in Vistra by 18.2% during the 3rd quarter. iA Global Asset Management Inc. now owns 39,323 shares of the company’s stock worth $7,704,000 after acquiring an additional 6,054 shares during the period. Finally, Outlook Wealth Advisors LLC acquired a new position in Vistra in the 3rd quarter valued at $300,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 0.2%

Shares of NYSE VST opened at $160.08 on Friday. The company has a market cap of $54.24 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 0.99 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. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The stock has a 50-day moving average price of $167.47 and a two-hundred day moving average price of $186.81.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $4.97 billion for 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%. As a group, analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is currently 32.85%.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 58,275 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the sale, the executive vice president owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This trade represents a 21.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. The trade was a 15.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 196,794 shares of company stock valued at $34,784,876 over the last quarter. 1.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

VST has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. TD Cowen started coverage on shares of Vistra in a research note on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective on the stock. Bank of America decreased their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Scotiabank upped their price target on shares of Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $239.20.

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.