Vistra Corp. (NYSE:VST) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 274.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,171 shares of the company's stock after purchasing an additional 4,524 shares during the period. Rakuten Securities Inc.'s holdings in Vistra were worth $732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the third quarter worth $30,000. CVA Family Office LLC grew its stake in Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after purchasing an additional 256 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of Vistra in the second quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new stake in Vistra in the third quarter worth $40,000. Finally, Fortitude Family Office LLC grew its position in Vistra by 125.0% during the third quarter. Fortitude Family Office LLC now owns 360 shares of the company's stock worth $43,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Down 3.2 %

Shares of NYSE:VST traded down $4.69 during trading on Tuesday, reaching $141.11. 4,201,185 shares of the stock were exchanged, compared to its average volume of 6,951,286. The firm has a market cap of $48.48 billion, a price-to-earnings ratio of 26.00 and a beta of 1.09. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The stock has a fifty day moving average of $114.25 and a two-hundred day moving average of $95.68. Vistra Corp. has a 1-year low of $34.24 and a 1-year high of $149.80.

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 represents a $0.88 annualized dividend and a yield of 0.63%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's dividend payout ratio (DPR) is presently 16.42%.

Vistra announced that its board has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on VST. BNP Paribas began coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. UBS Group decreased their target price on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has a consensus rating of "Buy" and a consensus target price of $145.40.

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.