Rakuten Securities Inc. Increases Stake in Vistra Corp. (NYSE:VST)

Rakuten Securities Inc. increased its position in shares of Vistra Corp. (NYSE:VST) by 274.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,171 shares of the company’s stock after buying an additional 4,524 shares during the period. Rakuten Securities Inc.’s holdings in Vistra were worth $732,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP boosted its position in Vistra by 0.7% during the third quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock valued at $1,366,000 after purchasing an additional 80 shares in the last quarter. Umpqua Bank boosted its position in Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock valued at $448,000 after purchasing an additional 81 shares in the last quarter. Interchange Capital Partners LLC boosted its position in Vistra by 4.2% during the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after purchasing an additional 109 shares in the last quarter. Simplicity Wealth LLC boosted its position in Vistra by 3.0% during the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after purchasing an additional 112 shares in the last quarter. Finally, New Century Financial Group LLC boosted its position in Vistra by 4.4% during the third quarter. New Century Financial Group LLC now owns 2,666 shares of the company’s stock valued at $316,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 2.8 %

Vistra stock opened at $145.87 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 52 week low of $34.24 and a 52 week high of $149.80. The company has a market capitalization of $50.12 billion, a price-to-earnings ratio of 27.21 and a beta of 1.09. The stock has a 50-day moving average price of $114.25 and a 200 day moving average price of $95.68.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Vistra declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target for the company. Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. UBS Group lowered their price target on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, BNP Paribas started coverage on Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $145.40.

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.