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

Vistra Corp. (NYSE:VST) CEO James Burke sold 21,371 shares of Vistra stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $204.82, for a total value of $4,377,208.22. Following the completion of the sale, the chief executive officer directly owned 259,073 shares in the company, valued at $53,063,331.86. This represents a 7.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Vistra Trading Down 0.4%

Shares of Vistra stock opened at $199.65 on Wednesday. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a market capitalization of $67.65 billion, a P/E ratio of 31.84, a P/E/G ratio of 3.00 and a beta of 1.33. The business has a 50 day moving average price of $200.68 and a 200 day moving average price of $171.29.

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

Vistra Increases Dividend

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

Institutional Trading of Vistra

Several institutional investors have recently made changes to their positions in the stock. Bridgewater Advisors Inc. grew its stake in shares of Vistra by 4.0% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after buying an additional 67 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock valued at $631,000 after buying an additional 71 shares during the period. Fogel Capital Management Inc. grew its stake in shares of Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock valued at $1,531,000 after buying an additional 72 shares during the period. Red Mountain Financial LLC boosted its position in Vistra by 3.1% during the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock worth $472,000 after purchasing an additional 74 shares during the period. Finally, Parallel Advisors LLC boosted its position in Vistra by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after purchasing an additional 75 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VST. Morgan Stanley lifted their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. The Goldman Sachs Group boosted their price target on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Melius started coverage on Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target for the company. BMO Capital Markets boosted their price target on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday. Finally, Melius Research upgraded Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $227.85.

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.