Tokio Marine Asset Management Co. Ltd. Makes New Investment in Vistra Corp. (NYSE:VST)

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,000 shares of the company's stock, valued at approximately $1,241,000.

Several other institutional investors have also added to or reduced their stakes in VST. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra during the fourth quarter worth $277,000. Dakota Wealth Management purchased a new position in Vistra in the 4th quarter worth about $231,000. Empire Life Investments Inc. bought a new stake in Vistra during the 3rd quarter valued at about $23,028,000. Retirement Systems of Alabama lifted its holdings in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock valued at $9,361,000 after buying an additional 6,920 shares in the last quarter. Finally, Terra Nova Asset Management LLC bought a new position in Vistra in the 3rd quarter worth about $842,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They set an "outperform" rating and a $231.00 price target for the company. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 target price for the company. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.64.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now owns 343,350 shares of the company's stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 254,932 shares in the company, valued at $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. Insiders sold 342,100 shares of company stock worth $55,087,314 over the last three months. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 1.8 %

NYSE VST traded up $3.00 on Wednesday, hitting $171.33. The stock had a trading volume of 7,006,224 shares, compared to its average volume of 10,247,686. The business's fifty day moving average price is $156.98 and its 200 day moving average price is $124.59. The stock has a market cap of $58.29 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 52-week low of $42.22 and a 52-week high of $199.84.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $4.01. The company had revenue of $6.29 billion during the quarter, compared to analyst estimates of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same period last year, the firm posted $1.25 EPS. Equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra declared that its board has approved a stock buyback program on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

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.