795,079 Shares in Vistra Corp. $VST Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Vistra Corp. (NYSE:VST) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 795,079 shares of the company’s stock, valued at approximately $126,123,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Vistra at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Vistra by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after buying an additional 390,157 shares during the last quarter. State Street Corp boosted its stake in Vistra by 2.7% in the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after acquiring an additional 432,028 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after purchasing an additional 97,424 shares during the last quarter. Norges Bank bought a new position in shares of Vistra during the fourth quarter valued at approximately $746,729,000. Finally, Invesco Ltd. raised its position in shares of Vistra by 0.8% during the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after purchasing an additional 35,258 shares during the period. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 in the last quarter. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VST. Scotiabank boosted their price objective on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Raymond James Financial set a $208.00 target price on Vistra in a research note on Monday, April 27th. Wells Fargo & Company reissued an “overweight” rating and set a $212.00 price target on shares of Vistra in a report on Monday, August 10th. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Finally, UBS Group dropped their price objective on shares of Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $228.56.

Vistra Stock Performance

VST opened at $140.39 on Wednesday. The business has a 50 day moving average price of $154.02 and a two-hundred day moving average price of $156.25. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 23.71 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87.

Vistra (NYSE:VST) last released its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Research analysts predict that Vistra Corp. will post 9.23 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.54%.

About Vistra

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.