Nippon Life Global Investors Americas Inc. Increases Stock Holdings in Vistra Corp. $VST

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Vistra Corp. by 8.3%, now holding 41,320 shares valued at approximately $4.85 million.
• Vistra recently reported $1.01 EPS for the quarter, missing estimates, with a revenue of $4.25 billion against a consensus of $5.15 billion.
• The company announced a quarterly dividend of $0.226 per share, up from previously $0.23, with a yield of 0.5% expected to be paid on September 30th.

Nippon Life Global Investors Americas Inc. boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 8.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,320 shares of the company's stock after buying an additional 3,170 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in Vistra were worth $4,853,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VST. Banque Transatlantique SA raised its holdings in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. grew its position in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Vistra in the 4th quarter valued at about $32,000. Keener Financial Planning LLC bought a new position in shares of Vistra during the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC bought a new position in shares of Vistra during the 1st quarter worth approximately $37,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VST. BMO Capital Markets upped their target price on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Melius began coverage on Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective on the stock. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. UBS Group boosted their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Vistra Stock Up 1.0%

Vistra stock opened at $189.97 on Friday. The firm has a 50 day simple moving average of $195.58 and a 200 day simple moving average of $159.78. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85. The firm has a market capitalization of $64.36 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.17 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. On average, analysts predict 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 will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is presently 14.35%.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.

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