Nippon Life Global Investors Americas Inc. Has $5.26 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Nippon Life Global Investors Americas Inc. trimmed its stake in Vistra Corp. (NYSE:VST - Free Report) by 29.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,150 shares of the company's stock after selling 15,910 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Vistra were worth $5,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC lifted its stake in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Founders Capital Management acquired a new stake in Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC bought a new stake in shares of Vistra in the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the 4th quarter worth approximately $28,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VST has been the topic of several research analyst reports. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group assumed coverage on Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price objective for the company. UBS Group decreased their target price on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $166.17.

Insider Activity

In related news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was 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 company insiders.

Vistra Trading Up 3.4 %

Shares of NYSE:VST traded up $4.13 during trading on Thursday, hitting $124.13. 5,432,709 shares of the company's stock were exchanged, compared to its average volume of 7,900,479. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market cap of $42.22 billion, a P/E ratio of 23.16, a PEG ratio of 1.12 and a beta of 1.21. The firm has a 50-day moving average price of $123.72 and a two-hundred day moving average price of $140.64. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. Vistra's payout ratio is presently 12.62%.

Vistra Company 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.