Nippon Life Global Investors Americas Inc. Takes $19.26 Million Position in Vistra Corp. $VST

Nippon Life Global Investors Americas Inc. purchased a new position in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 121,430 shares of the company’s stock, valued at approximately $19,262,000.

Other hedge funds have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Vistra in the fourth quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new position in shares of Vistra in the 4th quarter valued at $30,000. Strive Financial Group LLC bought a new stake in shares of Vistra in the 4th quarter valued at $33,000. Finally, Salomon & Ludwin LLC raised its stake in Vistra by 74.8% during the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the sale, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock valued at $6,739,227 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. TD Cowen decreased their price objective on Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Wells Fargo & Company reissued an “overweight” rating and set a $212.00 target price on shares of Vistra in a research note on Monday, August 10th. Finally, Seaport Research Partners restated a “buy” rating and set a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $228.56.

Vistra Price Performance

VST stock opened at $148.33 on Monday. The stock has a 50-day moving average price of $154.14 and a two-hundred day moving average price of $156.55. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The stock has a market cap of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s payout ratio is currently 15.54%.

About Vistra

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.