Vistra Corp. (NYSE:VST) Stock Holdings Lessened by ING Groep NV

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

Other large investors also recently modified their holdings of the company. Forum Financial Management LP raised its stake in Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company's stock valued at $1,366,000 after buying an additional 80 shares during the last quarter. Umpqua Bank raised its stake in Vistra by 2.2% during the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company's stock valued at $448,000 after buying an additional 81 shares during the last quarter. Interchange Capital Partners LLC grew its position in shares of Vistra by 4.2% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company's stock valued at $321,000 after acquiring an additional 109 shares during the period. Simplicity Wealth LLC grew its position in shares of Vistra by 3.0% during the 2nd quarter. Simplicity Wealth LLC now owns 3,883 shares of the company's stock valued at $334,000 after acquiring an additional 112 shares during the period. Finally, New Century Financial Group LLC grew its position in shares of Vistra by 4.4% during the 3rd quarter. New Century Financial Group LLC now owns 2,666 shares of the company's stock valued at $316,000 after acquiring an additional 112 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 3.2 %

NYSE VST traded up $4.48 during mid-day trading on Monday, hitting $146.63. The company's stock had a trading volume of 5,700,371 shares, compared to its average volume of 6,904,936. Vistra Corp. has a 52-week low of $34.25 and a 52-week high of $152.64. The stock's fifty day simple moving average is $119.52 and its two-hundred day simple moving average is $97.52. 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 firm has a market capitalization of $49.89 billion, a P/E ratio of 27.19 and a beta of 1.09.

Vistra declared that its board has approved a share buyback plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra's dividend payout ratio (DPR) is presently 16.42%.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent research reports. BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They set an "outperform" rating and a $231.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group upped their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $145.40.

Vistra 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.