Rakuten Securities Inc. Boosts Stock Position in Vistra Corp. (NYSE:VST)

Rakuten Securities Inc. grew its holdings in Vistra Corp. (NYSE:VST) by 274.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,171 shares of the company’s stock after buying an additional 4,524 shares during the quarter. Rakuten Securities Inc.’s holdings in Vistra were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Entropy Technologies LP increased its position in shares of Vistra by 18.6% in the third quarter. Entropy Technologies LP now owns 40,578 shares of the company’s stock valued at $4,810,000 after buying an additional 6,353 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Vistra in the third quarter worth approximately $231,000. Ashton Thomas Securities LLC acquired a new stake in shares of Vistra in the third quarter worth approximately $66,000. Los Angeles Capital Management LLC boosted its stake in shares of Vistra by 29.9% in the third quarter. Los Angeles Capital Management LLC now owns 249,951 shares of the company’s stock worth $29,629,000 after acquiring an additional 57,469 shares during the last quarter. Finally, Colonial River Investments LLC acquired a new stake in shares of Vistra in the third quarter worth approximately $744,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

VST stock opened at $145.87 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $50.12 billion, a PE ratio of 27.21 and a beta of 1.09. Vistra Corp. has a 12-month low of $34.24 and a 12-month high of $149.80. The business’s fifty day moving average price is $114.25 and its 200 day moving average price is $95.68.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 16.42%.

Vistra announced that its board has initiated a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. initiated coverage on Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus price target of $145.40.

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.