Daiwa Securities Group Inc. Raises Position in Vistra Corp. (NYSE:VST)

Daiwa Securities Group Inc. grew its holdings in shares of Vistra Corp. (NYSE:VST) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 58,387 shares of the company’s stock after purchasing an additional 5,997 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vistra were worth $6,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VST. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra in the 3rd quarter valued at $30,000. New Covenant Trust Company N.A. acquired a new position in shares of Vistra in the 1st quarter valued at $32,000. CVA Family Office LLC increased its position in shares of Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after acquiring an additional 256 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in shares of Vistra in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. UBS Group cut their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley increased their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $149.10.

Vistra Trading Down 4.8 %

VST stock opened at $154.14 on Tuesday. The company’s 50-day simple moving average is $127.24 and its 200-day simple moving average is $100.11. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52-week low of $34.70 and a 52-week high of $168.67. The firm has a market cap of $52.44 billion, a P/E ratio of 28.76, a PEG ratio of 2.08 and a beta of 1.09.

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 paid a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

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

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.