Dai ichi Life Insurance Company Ltd Sells 19,687 Shares of Vistra Corp. (NYSE:VST)

Dai ichi Life Insurance Company Ltd lessened its stake in Vistra Corp. (NYSE:VST) by 41.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,481 shares of the company’s stock after selling 19,687 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Vistra were worth $3,258,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VST. Redwood Wealth Management Group LLC bought a new position in Vistra in the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the 3rd quarter worth approximately $30,000. New Covenant Trust Company N.A. bought a new position in Vistra in the 1st quarter worth approximately $32,000. CVA Family Office LLC raised its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of Vistra during the 2nd quarter valued at $34,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VST. Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. UBS Group dropped their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price for the company. Royal Bank of Canada upped their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, BNP Paribas began coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $149.10.

Vistra Price Performance

VST opened at $162.63 on Wednesday. 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 Corp. has a 12 month low of $34.70 and a 12 month high of $168.67. The company has a fifty day simple moving average of $128.54 and a 200 day simple moving average of $100.54. The stock has a market cap of $55.33 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.98 and a beta of 1.09.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.54%. Vistra’s dividend payout ratio is presently 16.42%.

Vistra declared that its Board of Directors has authorized a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Stephen J. Muscato sold 207,100 shares of the company’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 completion of the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

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.