Sumitomo Mitsui DS Asset Management Company Ltd Has $8.02 Million Position in Vistra Corp. $VST

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Vistra Corp. (NYSE:VST) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 41,353 shares of the company’s stock after buying an additional 476 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Vistra were worth $8,015,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HM Payson & Co. raised its position in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Vistra during the fourth quarter valued at about $32,000. Banque Transatlantique SA raised its position in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after buying an additional 132 shares during the last quarter. Keener Financial Planning LLC acquired a new position in shares of Vistra during the first quarter valued at about $34,000. Finally, WPG Advisers LLC acquired a new position in shares of Vistra during the first quarter valued at about $37,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 148,121 shares of company stock worth $30,849,036 in the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VST has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Vistra from $145.00 to $241.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Melius initiated coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price on the stock. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets upped their target price on shares of Vistra from $191.00 to $229.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus price target of $210.71.

Vistra Price Performance

Shares of Vistra stock opened at $210.13 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of $71.20 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 3.25 and a beta of 1.33. Vistra Corp. has a 1-year low of $90.26 and a 1-year high of $217.90. The firm’s 50-day moving average price is $197.82 and its two-hundred day moving average price is $163.68.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra’s dividend payout ratio (DPR) is currently 14.35%.

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.