Voya Investment Management LLC Trims Position in Vistra Corp. $VST

Voya Investment Management LLC reduced its holdings in Vistra Corp. (NYSE:VST) by 1.6% during the 3rd quarter, Holdings Channel reports. The fund owned 596,796 shares of the company’s stock after selling 9,711 shares during the period. Voya Investment Management LLC’s holdings in Vistra were worth $116,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kirr Marbach & Co. LLC IN lifted its holdings in Vistra by 0.9% in the second quarter. Kirr Marbach & Co. LLC IN now owns 168,713 shares of the company’s stock valued at $32,698,000 after acquiring an additional 1,535 shares during the period. ELCO Management Co. LLC purchased a new position in shares of Vistra during the 2nd quarter valued at approximately $499,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in shares of Vistra in the 2nd quarter valued at $292,000. Peak Financial Advisors LLC purchased a new stake in Vistra during the second quarter worth $547,000. Finally, Charles Schwab Investment Management Inc. grew its position in Vistra by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock valued at $406,830,000 after buying an additional 35,444 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of a number of analyst reports. Scotiabank began coverage on shares of Vistra in a research report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective for the company. Cowen assumed coverage on Vistra in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating and set a $228.00 price target on shares of Vistra in a research report on Tuesday. TD Cowen began coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective on the stock. Finally, Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $232.40.

Insider Buying and Selling at Vistra

In other Vistra news, CEO James A. Burke sold 41,426 shares of Vistra stock in a transaction on Monday, October 13th. The shares were sold at an average price of $201.32, for a total transaction of $8,339,882.32. Following the sale, the chief executive officer owned 246,522 shares of the company’s stock, valued at $49,629,809.04. The trade was a 14.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $51,772,476. The trade was a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 699,743 shares of company stock worth $136,926,878. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Down 2.0%

Shares of Vistra stock opened at $162.85 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market capitalization of $55.18 billion, a PE ratio of 58.79, a P/E/G ratio of 2.87 and a beta of 1.39. The firm’s 50-day moving average price is $181.63 and its 200 day moving average price is $189.91.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. On average, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.227 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 32.49%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.