ING Groep NV Has $28.92 Million Stock Holdings in Vistra Corp. $VST

ING Groep NV increased its holdings in Vistra Corp. (NYSE:VST) by 582.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,261 shares of the company’s stock after purchasing an additional 152,988 shares during the period. ING Groep NV’s holdings in Vistra were worth $28,920,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Vistra in the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Vistra in the fourth quarter worth about $25,000. Triumph Capital Management acquired a new position in Vistra in the third quarter worth about $38,000. Strive Asset Management LLC acquired a new position in Vistra in the third quarter worth about $38,000. Finally, Salomon & Ludwin LLC raised its position in Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 3.2%

Shares of VST stock opened at $148.72 on Friday. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The company has a market capitalization of $50.15 billion, a P/E ratio of 24.91 and a beta of 1.40. The firm has a 50-day moving average price of $154.21 and a 200 day moving average price of $161.22. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Research analysts forecast that Vistra Corp. will post 9.3 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a $0.229 dividend. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, June 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.24%.

Analyst Ratings Changes

Several equities analysts recently issued reports on VST shares. Wells Fargo & Company cut their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a report on Friday, February 27th. TD Cowen cut their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and set a $212.00 price target on shares of Vistra in a report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Finally, Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $233.33.

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares in the company, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,600 shares of company stock valued at $3,163,900 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Vistra 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.