Vistra (NYSE:VST) CEO James Burke Sells 21,935 Shares of Stock

Vistra Corp. (NYSE:VST) CEO James Burke sold 21,935 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the transaction, the chief executive officer owned 271,074 shares in the company, valued at approximately $50,563,433.22. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vistra Stock Performance

NYSE VST opened at $171.20 on Friday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a 50 day moving average of $198.31 and a 200-day moving average of $185.91. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 5.74. The firm has a market cap of $58.01 billion, a price-to-earnings ratio of 61.81, a PEG ratio of 2.23 and a beta of 1.30.

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

Vistra Increases Dividend

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

Institutional Investors Weigh In On Vistra

A number of institutional investors and hedge funds have recently modified their holdings of VST. Banque Transatlantique SA raised its position in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Vistra during the third quarter worth $25,000. Quent Capital LLC bought a new stake in Vistra in the third quarter valued at about $25,000. Archer Investment Corp lifted its stake in Vistra by 2,700.0% in the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Vistra in the second quarter valued at about $28,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VST shares. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a research report on Wednesday, August 20th. Scotiabank began coverage on shares of Vistra in a report on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Vistra currently has an average rating of “Buy” and an average target price of $234.21.

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.