Nippon Life Global Investors Americas Inc. Has $5.26 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Nippon Life Global Investors Americas Inc. decreased its stake in shares of Vistra Corp. (NYSE:VST) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its position in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Avior Wealth Management LLC raised its position in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Founders Capital Management bought a new position in Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new position in Vistra during the 4th quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Vistra in the 4th quarter valued at $28,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VST. The Goldman Sachs Group initiated coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 target price for the company. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. 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 target for the company. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.17.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company’s stock, 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. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 7.6 %

Shares of NYSE VST opened at $106.63 on Tuesday. Vistra Corp. has a twelve month low of $65.32 and a twelve month high of $199.84. The stock has a market cap of $36.27 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company’s fifty day moving average is $126.60 and its 200-day moving average is $141.03.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.84%. Vistra’s payout ratio is currently 12.62%.

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.