Sumitomo Mitsui Trust Group Inc. Has $120.91 Million Stock Position in Vistra Corp. $VST

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Vistra Corp. (NYSE:VST) by 1.0% during the 1st quarter, HoldingsChannel reports. The fund owned 804,322 shares of the company’s stock after acquiring an additional 8,034 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Vistra were worth $120,914,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VST. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. dropped their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. TD Cowen reduced their target price on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $230.31.

Vistra Price Performance

VST traded up $1.07 during trading on Friday, hitting $159.05. 2,994,153 shares of the stock traded hands, compared to its average volume of 3,869,546. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a market cap of $53.63 billion, a price-to-earnings ratio of 26.64 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The business has a 50 day moving average price of $154.02 and a 200 day moving average price of $158.60.

Vistra (NYSE:VST) last posted its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Equities research analysts forecast that Vistra Corp. will post 9.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.229 per share. The ex-dividend date of this dividend was Monday, June 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is presently 15.41%.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director owned 70,714 shares of the company’s stock, valued at $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 41,588 shares of company stock worth $6,739,227. Corporate insiders own 0.92% of the company’s stock.

Vistra 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.