SBI Securities Co. Ltd. Purchases Shares of 5,497 Vistra Corp. (NYSE:VST)

SBI Securities Co. Ltd. acquired a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,497 shares of the company’s stock, valued at approximately $758,000.

Other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $453,609,000 after acquiring an additional 1,293,974 shares during the last quarter. State Street Corp lifted its holdings in 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 purchasing an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of 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 purchasing an additional 1,000,307 shares during the last quarter. Rubric Capital Management LP grew 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 buying an additional 797,894 shares in the last quarter. Finally, Castle Hook Partners LP grew its holdings in shares of Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after buying an additional 654,568 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VST. Bank of America started coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price on the stock. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. UBS Group raised 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. Finally, Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.42% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $123.79 on Tuesday. The business’s 50-day simple moving average is $160.13 and its 200-day simple moving average is $134.83. The firm has a market capitalization of $42.12 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.12 and a beta of 1.22. Vistra Corp. has a 1-year low of $55.28 and a 1-year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is currently 16.60%.

Vistra declared that its board has approved a stock repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.