Vistra Corp. (NYSE:VST) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Vistra Corp. by 25.2%, adding 2,267 shares and bringing its total holdings to 11,267 shares valued at approximately $1.32 million.
• Director Scott B. Helm sold 50,000 shares for about $8.64 million, reducing his ownership by 16.38%, while Director John R. Sult sold 25,000 shares for $4.29 million, marking a 24.77% decline in his ownership.
• Vistra Corp. has a market cap of $68.62 billion and recently reported earnings of $1.01 per share, missing expectations, while also announcing a dividend increase to $0.226 per share.

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,267 shares of the company's stock after buying an additional 2,267 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Vistra were worth $1,323,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VST. Rockefeller Capital Management L.P. grew its stake in shares of Vistra by 239.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 72,832 shares of the company's stock worth $10,040,000 after acquiring an additional 51,358 shares during the last quarter. Townsquare Capital LLC boosted its stake in Vistra by 17.9% during the fourth quarter. Townsquare Capital LLC now owns 5,705 shares of the company's stock valued at $787,000 after buying an additional 867 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in Vistra during the fourth quarter worth approximately $237,000. CreativeOne Wealth LLC lifted its stake in shares of Vistra by 144.5% during the 4th quarter. CreativeOne Wealth LLC now owns 8,531 shares of the company's stock worth $1,176,000 after acquiring an additional 5,042 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of Vistra by 56.5% during the fourth quarter. Jump Financial LLC now owns 9,256 shares of the company's stock valued at $1,276,000 after acquiring an additional 3,340 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets increased their price objective on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. The Goldman Sachs Group lifted their target price on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, UBS Group raised their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $192.62.

Vistra Stock Down 2.6%

Shares of NYSE:VST traded down $5.16 during trading on Friday, hitting $197.19. 4,021,603 shares of the company were exchanged, compared to its average volume of 5,030,360. The stock has a market capitalization of $66.81 billion, a P/E ratio of 31.45, a PEG ratio of 2.27 and a beta of 1.30. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 12-month low of $72.90 and a 12-month high of $216.85. The firm's 50 day moving average price is $191.90 and its 200-day moving average price is $157.34.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share 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 for the quarter, compared to analyst estimates of $5.15 billion. On average, research analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra's dividend payout ratio is 14.35%.

Insider Buying and Selling at Vistra

In other news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president owned 306,600 shares in the company, valued at $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by insiders.

Vistra Company Profile

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.