KBC Group NV Acquires 1,082 Shares of Vistra Corp. $VST

KBC Group NV increased its holdings in shares of Vistra Corp. (NYSE:VST) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,788 shares of the company’s stock after purchasing an additional 1,082 shares during the quarter. KBC Group NV’s holdings in Vistra were worth $5,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Transatlantique SA boosted its stake in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after buying an additional 132 shares during the last quarter. City State Bank increased its position in shares of Vistra by 210.0% in the second quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. Keener Financial Planning LLC bought a new stake in Vistra during the first quarter worth about $34,000. WPG Advisers LLC acquired a new position in Vistra during the first quarter valued at approximately $37,000. Finally, Zions Bancorporation National Association UT bought a new position in Vistra in the first quarter valued at approximately $39,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VST shares. Melius initiated coverage on Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Scotiabank began coverage on shares of Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target for the company. Finally, Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $234.21.

Insider Activity

In other news, CEO James A. Burke sold 21,935 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total value of $4,091,535.55. Following the transaction, the chief executive officer owned 271,074 shares of the company’s stock, valued at approximately $50,563,433.22. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 745,845 shares of company stock worth $152,178,104 in the last three months. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 1.6%

Shares of Vistra stock opened at $174.37 on Friday. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.80. The business has a fifty day simple moving average of $198.04 and a two-hundred day simple moving average of $186.62. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a market capitalization of $59.08 billion, a price-to-earnings ratio of 62.95, a P/E/G ratio of 2.18 and a beta of 1.30.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Research analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is 32.49%.

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.