Tokio Marine Asset Management Co. Ltd. Buys New Shares in Vistra Corp. (NYSE:VST)

Tokio Marine Asset Management Co. Ltd. bought a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,000 shares of the company’s stock, valued at approximately $1,241,000.

Several other hedge funds have also made changes to their positions in VST. Lionsbridge Wealth Management LLC acquired a new position in Vistra in the fourth quarter worth about $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra during the fourth quarter worth approximately $231,000. Empire Life Investments Inc. acquired a new stake in shares of Vistra during the third quarter worth approximately $23,028,000. Retirement Systems of Alabama increased its holdings in shares of Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares in the last quarter. Finally, Terra Nova Asset Management LLC acquired a new stake in shares of Vistra during the third quarter worth approximately $842,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 0.3 %

Shares of NYSE VST opened at $168.45 on Tuesday. The company’s fifty day moving average is $156.53 and its 200-day moving average is $123.62. The stock has a market cap of $57.31 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.15 and a beta of 1.22. Vistra Corp. has a twelve month low of $42.22 and a twelve month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $4.01. The company had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same period last year, the firm posted $1.25 earnings per share. Equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Vistra

In related news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,100 shares of company stock valued at $55,087,314. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VST shares. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective for the company. UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America initiated coverage on shares of Vistra in a report on Monday, January 27th. They issued a “neutral” rating and a $206.00 price target for the company. Finally, Evercore ISI initiated coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Vistra currently has an average rating of “Moderate Buy” and a consensus price target of $171.64.

About Vistra

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.