99,233 Shares in Vistra Corp. (NYSE:VST) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 99,233 shares of the company's stock, valued at approximately $13,708,000.

Several other institutional investors have also recently bought and sold shares of VST. Pitcairn Co. bought a new stake in shares of Vistra during the 4th quarter worth $202,000. World Investment Advisors increased its holdings in Vistra by 24.9% during the fourth quarter. World Investment Advisors now owns 3,695 shares of the company's stock worth $509,000 after buying an additional 737 shares during the last quarter. Bryce Point Capital LLC bought a new stake in Vistra in the fourth quarter worth about $502,000. Huntington National Bank boosted its stake in Vistra by 16.6% in the fourth quarter. Huntington National Bank now owns 1,347 shares of the company's stock valued at $186,000 after acquiring an additional 192 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after acquiring an additional 2,433,732 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Down 6.5 %

Shares of Vistra stock traded down $7.71 during midday trading on Thursday, hitting $110.31. The company had a trading volume of 4,365,931 shares, compared to its average volume of 7,865,491. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market capitalization of $37.52 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a 50 day moving average of $135.49 and a 200 day moving average of $141.42.

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Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.81%. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Insider Transactions at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the director now directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

VST has been the topic of a number of recent research reports. UBS Group upped their price target on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $161.23.

Vistra 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.