Vistra (NYSE:VST) CEO James Burke Sells 21,371 Shares

Vistra Corp. (NYSE:VST) CEO James Burke sold 21,371 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $204.57, for a total value of $4,371,865.47. Following the completion of the transaction, the chief executive officer directly owned 287,859 shares in the company, valued at approximately $58,887,315.63. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Vistra Trading Down 4.1%

NYSE:VST opened at $186.29 on Wednesday. The firm has a market cap of $63.12 billion, a P/E ratio of 29.71, a PEG ratio of 2.76 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The stock’s 50 day simple moving average is $200.00 and its 200-day simple moving average is $177.06. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.226 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s dividend payout ratio is currently 14.35%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a report on Wednesday, October 8th. Melius assumed coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective on the stock. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Cowen assumed coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Scotiabank began coverage on Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and an average target price of $229.31.

Institutional Trading of Vistra

Institutional investors have recently bought and sold shares of the company. Banque Transatlantique SA boosted its position in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Vistra during the third quarter worth $25,000. HM Payson & Co. boosted its position in Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Vistra during the second quarter worth $28,000. Finally, Anfield Capital Management LLC purchased a new stake in Vistra during the second quarter worth $29,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

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.