Mitsubishi UFJ Asset Management UK Ltd. Grows Stock Position in Vistra Corp. $VST

Mitsubishi UFJ Asset Management UK Ltd. grew its stake in shares of Vistra Corp. (NYSE:VST) by 833.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,600 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Vistra were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA lifted its position in shares of Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares during the period. HM Payson & Co. raised its position in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Keener Financial Planning LLC purchased a new position in shares of Vistra in the 1st quarter valued at approximately $34,000. WPG Advisers LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Vistra during the first quarter valued at approximately $39,000. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 319,073 shares of company stock valued at $66,162,313. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VST. JPMorgan Chase & Co. increased their price target on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Melius Research raised shares of Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. The Goldman Sachs Group lifted their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Jefferies Financial Group restated a “hold” rating and issued a $230.00 price target (down previously from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Finally, Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $218.20.

Vistra Price Performance

NYSE:VST opened at $195.81 on Wednesday. The firm’s fifty day moving average is $200.20 and its two-hundred day moving average is $168.77. The firm has a market cap of $66.34 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.00 and a beta of 1.34. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Research analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a dividend of $0.226 per share. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

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.