Asset Management One Co. Ltd. Boosts Stock Position in Vistra Corp. (NYSE:VST)

Asset Management One Co. Ltd. boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,147 shares of the company's stock after buying an additional 1,998 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Vistra were worth $18,458,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the period. Janus Henderson Group PLC increased its position in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP raised its stake in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after buying an additional 654,568 shares during the period. Finally, Rubric Capital Management LP lifted its position in shares of Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after buying an additional 797,894 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

VST traded up $0.08 during trading hours on Wednesday, hitting $169.36. The company's stock had a trading volume of 6,154,551 shares, compared to its average volume of 9,022,955. The stock has a market cap of $57.62 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 1.15 and a beta of 1.22. The business's 50-day moving average price is $159.26 and its 200-day moving average price is $130.88. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $45.52 and a 12 month high of $199.84.

Vistra announced that its board has authorized a share buyback program on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have commented on VST. Morgan Stanley raised their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. UBS Group raised their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price for the company. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They issued a "neutral" rating and a $206.00 price objective on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.64.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now owns 343,350 shares of the company's stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 342,100 shares of company stock valued at $55,087,314 in the last three months. Corporate 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.