Vistra Corp. (NYSE:VST) Shares Bought by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Vistra Corp. by 8.0%, acquiring an additional 7,983 shares, bringing its total holdings to 107,216 shares valued at approximately $12.6 million.
• Vistra's recent quarterly earnings report showed a miss with $1.01 EPS against an estimated $1.63, and revenue of $4.25 billion, falling short of expectations.
• The company announced a quarterly dividend increase to $0.226 per share, reflecting a positive change from the previous $0.23 dividend, with a dividend yield of 0.4%.

Resona Asset Management Co. Ltd. lifted its position in Vistra Corp. (NYSE:VST - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,216 shares of the company's stock after acquiring an additional 7,983 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Vistra were worth $12,619,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in Vistra by 239.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 72,832 shares of the company's stock valued at $10,040,000 after purchasing an additional 51,358 shares during the period. Townsquare Capital LLC boosted its position in Vistra by 17.9% during the 4th quarter. Townsquare Capital LLC now owns 5,705 shares of the company's stock valued at $787,000 after purchasing an additional 867 shares during the period. Sagespring Wealth Partners LLC acquired a new position in Vistra during the 4th quarter valued at approximately $237,000. CreativeOne Wealth LLC boosted its position in Vistra by 144.5% during the 4th quarter. CreativeOne Wealth LLC now owns 8,531 shares of the company's stock valued at $1,176,000 after purchasing an additional 5,042 shares during the period. Finally, Jump Financial LLC boosted its position in Vistra by 56.5% during the 4th quarter. Jump Financial LLC now owns 9,256 shares of the company's stock valued at $1,276,000 after purchasing an additional 3,340 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

VST has been the subject of a number of analyst reports. Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. UBS Group boosted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. BMO Capital Markets reiterated an "outperform" rating and set a $229.00 price target (up previously from $191.00) on shares of Vistra in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Three investment 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.62.

Vistra Trading Down 1.9%

Shares of Vistra stock opened at $205.48 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The firm has a market cap of $69.62 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. The business has a fifty day simple moving average of $190.80 and a 200-day simple moving average of $156.67. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. Vistra's payout ratio is currently 14.35%.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president directly owned 218,239 shares in the company, valued at $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by insiders.

Vistra 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.

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