James Burke Sells 19,605 Shares of Vistra (NYSE:VST) Stock

Vistra Corp. (NYSE:VST) CEO James Burke sold 19,605 shares of Vistra stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $194.78, for a total transaction of $3,818,661.90. Following the completion of the transaction, the chief executive officer owned 253,815 shares of the company’s stock, valued at $49,438,085.70. The trade was a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vistra Price Performance

VST opened at $202.25 on Friday. The company has a market capitalization of $68.53 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.03 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The firm has a 50-day moving average price of $200.57 and a 200-day moving average price of $170.06. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $0.226 dividend. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s dividend payout ratio is 14.35%.

Institutional Investors Weigh In On Vistra

Several hedge funds have recently bought and sold shares of VST. Banque Transatlantique SA lifted its position in Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. lifted its position in Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Vistra during the second quarter valued at approximately $28,000. Anfield Capital Management LLC bought a new stake in Vistra during the second quarter valued at approximately $29,000. Finally, City State Bank lifted its position in Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on VST shares. JPMorgan Chase & Co. boosted their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Melius started coverage on shares of Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective for the company. Scotiabank started coverage on shares of Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective for the company. UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $224.21.

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.