Nomura Asset Management Co. Ltd. Reduces Stake in Vistra Corp. (NYSE:VST)

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,036 shares of the company’s stock after selling 1,433 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vistra were worth $14,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC boosted its holdings in shares of Vistra by 7,600.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 15,000 shares of the company’s stock valued at $2,068,000 after buying an additional 15,200 shares in the last quarter. Norges Bank acquired a new position in Vistra in the fourth quarter valued at $409,087,000. Blair William & Co. IL boosted its stake in Vistra by 403.0% in the fourth quarter. Blair William & Co. IL now owns 49,594 shares of the company’s stock valued at $6,838,000 after acquiring an additional 39,735 shares in the last quarter. NEOS Investment Management LLC purchased a new position in shares of Vistra during the fourth quarter worth about $2,496,000. Finally, UniSuper Management Pty Ltd increased its position in shares of Vistra by 0.5% during the fourth quarter. UniSuper Management Pty Ltd now owns 27,270 shares of the company’s stock worth $3,760,000 after purchasing an additional 134 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on VST shares. 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. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday. BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $163.50.

Vistra Price Performance

Shares of NYSE:VST opened at $119.05 on Monday. 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 has a 50-day moving average price of $147.39 and a 200 day moving average price of $140.83. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The company has a market cap of $40.49 billion, a P/E ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. Vistra’s payout ratio is 12.62%.

Insider Buying and Selling

In related news, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate insiders.

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.