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

Rakuten Securities Inc. decreased its position in shares of Vistra Corp. (NYSE:VST) by 28.6% during the fourth quarter, according to the company in its most recent filing with the 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Peregrine Asset Advisers Inc. grew its holdings in shares of Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock valued at $285,000 after purchasing an additional 64 shares in the last quarter. Avior Wealth Management LLC raised its position in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC raised its position in Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after buying an additional 73 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after purchasing an additional 81 shares during the period. Finally, Csenge Advisory Group grew its stake in Vistra by 1.7% in the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock valued at $703,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 5.4 %

Shares of Vistra stock opened at $114.40 on Wednesday. Vistra Corp. has a 12-month low of $58.00 and a 12-month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $38.78 billion, a P/E ratio of 21.34, a PEG ratio of 1.12 and a beta of 1.21. The stock has a 50 day moving average price of $156.91 and a two-hundred day moving average price of $136.63.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.78%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio is currently 12.62%.

Analysts Set New Price Targets

VST has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.83.

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.