Rakuten Securities Inc. Sells 1,762 Shares of Vistra Corp. (NYSE:VST)

Rakuten Securities Inc. decreased its stake in shares of Vistra Corp. (NYSE:VST) by 28.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,409 shares of the company’s stock after selling 1,762 shares during the quarter. Rakuten Securities Inc.’s holdings in Vistra were worth $608,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter valued at $237,441,000. Massachusetts Financial Services Co. MA lifted its position in shares of Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. State Street Corp increased its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the last quarter. Finally, Rubric Capital Management LP lifted its holdings in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after purchasing an additional 797,894 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and decreased their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Finally, Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Up 5.4 %

Shares of NYSE:VST opened at $114.40 on Wednesday. The firm has a fifty day moving average of $156.91 and a 200 day moving average of $136.63. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52-week low of $58.00 and a 52-week high of $199.84. The firm has a market capitalization of $38.78 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio is currently 12.62%.

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.