Natixis Advisors LLC has significantly expanded its stake in Vistra Corp. (VST, Financial), boosting its holdings by 57.2% during the third quarter. The Hedge fund now owns 102,853 shares of the utility company, valued at approximately $12.2 million, after acquiring an additional 37,413 shares during the reporting period.
This purchase shows growing investor confidence in Vistra as a leading player in the energy and utility sector. The company's stock has also seen increased interest from other institutional investors. O'Shaughnessy Asset Management LLC reported an 11% growth in its position earlier this year, while UniSuper Management Pty Ltd nearly doubled its holdings with an 84.6% increase in the first quarter.
Additional institutional investors, including CANADA LIFE ASSURANCE Co. and Shell Asset Management Co., have also increased their stakes. Collectively, hedge funds and institutional investors now own 90.88% of Vistra's outstanding stock, highlighting its appeal as a stable investment in the utility market.
Vistra's strategic initiatives, which include renewable energy investments and operational efficiencies, likely contribute to its strong performance in attracting institutional interest. As the energy transition continues, Vistra's positioning within the sector may make it a focal point for further institutional allocation
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