ING Groep NV Has $243,000 Position in Vistra Corp. (NYSE:VST)

ING Groep NV reduced its stake in Vistra Corp. (NYSE:VST) by 95.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,048 shares of the company’s stock after selling 41,902 shares during the period. ING Groep NV’s holdings in Vistra were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VST. Castle Hook Partners LP lifted its holdings in shares of Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Vistra by 1,358.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the last quarter. Marshall Wace LLP boosted its position in Vistra by 315.9% in the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock valued at $101,096,000 after buying an additional 893,093 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. grew its stake in Vistra by 100.5% during the first quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company’s stock worth $119,798,000 after buying an additional 862,000 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 2.7 %

Shares of NYSE VST opened at $142.15 on Monday. Vistra Corp. has a fifty-two week low of $34.25 and a fifty-two week high of $149.80. The firm has a market capitalization of $48.36 billion, a P/E ratio of 26.52 and a beta of 1.09. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88. The company’s 50 day simple moving average is $119.52 and its 200 day simple moving average is $97.52.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is currently 16.42%.

Analyst Ratings Changes

Several research analysts have recently commented on VST shares. Royal Bank of Canada boosted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Jefferies Financial Group lifted their price target on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets increased their price objective on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, UBS Group lowered their price objective 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. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $145.40.

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.