Resona Asset Management Co. Ltd. Invests $13.71 Million in Vistra Corp. (NYSE:VST)

Resona Asset Management Co. Ltd. acquired a new stake in Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 99,233 shares of the company’s stock, valued at approximately $13,708,000.

Other large investors also recently modified their holdings of the company. Peregrine Asset Advisers Inc. boosted its position in Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock valued at $285,000 after acquiring an additional 64 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC grew its stake in Vistra by 3.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after purchasing an additional 73 shares during the period. Csenge Advisory Group increased its holdings in Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after purchasing an additional 83 shares in the last quarter. Finally, New Century Financial Group LLC lifted its stake in Vistra by 3.5% in the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock valued at $381,000 after buying an additional 94 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST stock opened at $97.76 on Monday. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. The company has a market cap of $33.25 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21. The firm has a 50-day moving average of $140.32 and a 200-day moving average of $141.78. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The company also recently announced 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. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.91%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VST. 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 price objective for the company. UBS Group increased their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and a consensus price target of $161.23.

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.