Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Vistra Corp. (NYSE:VST)

Sumitomo Mitsui Trust Group Inc. grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 5.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 856,003 shares of the company's stock after buying an additional 41,923 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Vistra worth $100,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of Vistra in the 4th quarter worth about $28,000. Ameriflex Group Inc. bought a new stake in Vistra during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in Vistra during the 4th quarter valued at about $39,000. Whittier Trust Co. lifted its holdings in Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after buying an additional 274 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Vistra during the 1st quarter valued at about $46,000. Institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VST shares. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group boosted their price target on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the sale, the director now owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president now directly owns 88,073 shares in the company, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock valued at $47,461,490 in the last 90 days. Insiders own 1.42% of the company's stock.

Vistra Stock Up 2.6%

Shares of Vistra stock opened at $195.38 on Monday. The firm's 50 day moving average price is $157.24 and its 200-day moving average price is $147.46. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The company has a market cap of $66.30 billion, a P/E ratio of 30.72, a PEG ratio of 2.30 and a beta of 1.22.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 14.15%.

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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