Nuveen Asset Management LLC Buys 165,396 Shares of Vistra Corp. (NYSE:VST)

Nuveen Asset Management LLC lifted its position in Vistra Corp. (NYSE:VST) by 10.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,769,749 shares of the company’s stock after acquiring an additional 165,396 shares during the period. Nuveen Asset Management LLC’s holdings in Vistra were worth $243,995,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VST. Norges Bank bought a new stake in Vistra in the fourth quarter worth $409,087,000. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 2,433,732 shares during the period. Capital International Investors purchased a new position in Vistra in the fourth quarter worth about $286,414,000. Raymond James Financial Inc. purchased a new stake in Vistra during the fourth quarter valued at approximately $237,441,000. Finally, Appaloosa LP raised its holdings in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group began coverage on shares of Vistra in a report on Friday, April 4th. They issued a “neutral” rating and a $134.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. UBS Group increased their price target on Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average price target of $166.67.

Vistra Price Performance

Shares of Vistra stock opened at $152.18 on Friday. The firm has a market cap of $51.77 billion, a PE ratio of 28.39, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The business has a 50-day moving average price of $124.58 and a 200 day moving average price of $141.92.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 14.15%.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This represents a 32.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on 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 completion of the transaction, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

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.