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

Vistra Corp. (NYSE:VST) CEO James Burke sold 21,371 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $204.82, for a total transaction of $4,377,208.22. Following the completion of the sale, the chief executive officer owned 259,073 shares in the company, valued at $53,063,331.86. The trade was a 7.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vistra Price Performance

NYSE:VST opened at $200.37 on Tuesday. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a market cap of $67.89 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 3.02 and a beta of 1.33. The firm’s fifty day moving average is $200.65 and its two-hundred day moving average is $171.10.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share 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 for the quarter, compared to analysts’ expectations of $5.15 billion. Research analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Institutional Trading of Vistra

Several institutional investors have recently modified their holdings of the stock. Banque Transatlantique SA lifted its position in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. HM Payson & Co. raised its stake in Vistra by 275.4% in the 1st 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 acquired a new position in Vistra in the 2nd quarter valued at $28,000. Anfield Capital Management LLC purchased a new position in Vistra in the 2nd quarter valued at $29,000. Finally, City State Bank lifted its holdings in Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company’s stock valued at $30,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Weiss Ratings restated a “buy (b)” rating on shares of Vistra in a research report on Saturday, September 27th. Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, September 17th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Vistra has a consensus rating of “Buy” and an average price target 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.