Nippon Life Global Investors Americas Inc. Buys New Shares in Vistra Corp. $VST

Nippon Life Global Investors Americas Inc. bought a new stake in Vistra Corp. (NYSE:VST) during the second quarter, HoldingsChannel reports. The firm bought 121,430 shares of the company’s stock, valued at approximately $19,262,000.

Several other large investors have also recently bought and sold shares of VST. Norges Bank bought a new position in shares of Vistra during the 4th quarter worth approximately $746,729,000. Fifth Third Bancorp boosted its stake in Vistra by 95.1% in the 1st quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares during the period. Payden & Rygel boosted its stake in Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after purchasing an additional 34,300 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Vistra during the fourth quarter worth $29,875,000. Finally, Wealth High Governance Capital Ltda acquired a new position in shares of Vistra in the first quarter valued at about $10,543,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VST shares. Raymond James Financial set a $208.00 price target on Vistra in a research report on Monday, April 27th. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. TD Cowen dropped their price target on Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Morgan Stanley lifted their price target on Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $228.56.

Insider Activity at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock worth $6,739,227 over the last quarter. Company insiders own 0.92% of the company’s stock.

Vistra Stock Performance

VST stock opened at $148.33 on Monday. The firm has a market cap of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41. The stock has a 50-day moving average price of $154.14 and a 200-day moving average price of $156.55. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s payout ratio is currently 15.54%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.