Daiwa Securities Group Inc. Has $7.39 Million Position in Vistra Corp. (NYSE:VST)

Daiwa Securities Group Inc. lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,625 shares of the company’s stock after selling 4,762 shares during the period. Daiwa Securities Group Inc.’s holdings in Vistra were worth $7,393,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Vistra during the fourth quarter worth $237,441,000. Massachusetts Financial Services Co. MA increased its stake in shares of Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after acquiring an additional 1,293,974 shares during the last quarter. State Street Corp raised its position in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Janus Henderson Group PLC boosted its stake in Vistra by 36.0% during the 3rd 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 grew its holdings in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VST. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. 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 objective for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra Stock Up 5.4 %

Shares of Vistra stock opened at $114.40 on Wednesday. Vistra Corp. has a 52-week low of $58.00 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The business’s 50 day simple moving average is $156.91 and its 200 day simple moving average is $136.63. The firm has a market cap of $38.78 billion, a PE ratio of 21.34, a P/E/G ratio of 1.12 and a beta of 1.21.

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 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

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.