Nippon Life Global Investors Americas Inc. reduced its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 29.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,150 shares of the company's stock after selling 15,910 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Vistra were worth $5,260,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Lionsbridge Wealth Management LLC acquired a new stake in Vistra during the 4th quarter worth approximately $277,000. Dakota Wealth Management acquired a new position in Vistra in the 4th quarter valued at $231,000. Retirement Systems of Alabama raised its position in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after buying an additional 6,920 shares during the last quarter. Legal Advantage Investments Inc. acquired a new stake in shares of Vistra in the 4th quarter worth $565,000. Finally, Viking Fund Management LLC increased its stake in shares of Vistra by 90.0% during the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock worth $2,620,000 after acquiring an additional 9,000 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Vistra
In related news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group decreased their price target on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. Finally, JPMorgan Chase & Co. cut 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.17.
Read Our Latest Analysis on VST
Vistra Price Performance
Shares of VST stock traded up $2.47 during trading hours on Friday, hitting $126.70. The company's stock had a trading volume of 4,319,798 shares, compared to its average volume of 7,897,962. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business has a fifty day moving average of $122.87 and a 200-day moving average of $140.63. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The stock has a market cap of $43.10 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.12 and a beta of 1.21.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.71%. Vistra's dividend payout ratio (DPR) is presently 12.62%.
About Vistra
(
Free Report)
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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