Stephen J. Muscato Sells 207,100 Shares of Vistra Corp. (NYSE:VST) Stock

Vistra Corp. (NYSE:VST) EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Vistra Trading Down 5.0 %

NYSE:VST opened at $154.54 on Thursday. The stock has a fifty day simple moving average of $129.97 and a 200 day simple moving average of $101.03. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 1-year low of $34.88 and a 1-year high of $168.67. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra declared that its board has authorized a stock repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 16.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Redwood Wealth Management Group LLC acquired a new stake in Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra during the third quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC purchased a new position in Vistra during the third quarter valued at approximately $30,000. New Covenant Trust Company N.A. purchased a new stake in Vistra in the 1st quarter worth approximately $32,000. Finally, CVA Family Office LLC lifted its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of analyst reports. BNP Paribas assumed coverage on Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price target for the company. Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group lowered their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. initiated coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $149.10.

About Vistra

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.