Vistra (NYSE:VST) CAO Sells $736,000.00 in Stock

Vistra Corp. (NYSE:VST) CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Margaret Montemayor also recently made the following trade(s):

• On Wednesday, May 27th, Margaret Montemayor sold 5,000 shares of Vistra stock. The shares were sold at an average price of $164.96, for a total value of $824,800.00.

Vistra Stock Down 3.2%

Vistra stock opened at $148.72 on Friday. The firm has a market cap of $50.15 billion, a price-to-earnings ratio of 24.91 and a beta of 1.40. The stock has a fifty day simple moving average of $154.21 and a two-hundred day simple moving average of $161.22. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last posted its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities analysts predict that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.24%.

Institutional Trading of Vistra

Several large investors have recently modified their holdings of VST. Empowered Funds LLC grew its holdings in shares of Vistra by 24.1% in the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after acquiring an additional 3,920 shares during the period. Woodline Partners LP grew its holdings in shares of Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock worth $3,376,000 after acquiring an additional 8,312 shares during the period. Focus Partners Wealth grew its holdings in shares of Vistra by 37.3% in the first quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock worth $920,000 after acquiring an additional 2,125 shares during the period. Sivia Capital Partners LLC bought a new stake in Vistra during the second quarter valued at about $269,000. Finally, Slocum Gordon & Co LLP grew its holdings in Vistra by 20.0% during the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock valued at $233,000 after purchasing an additional 200 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VST shares. Raymond James Financial set a $208.00 target price on Vistra in a report on Monday, April 27th. JPMorgan Chase & Co. reduced their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $212.00 target price on shares of Vistra in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $233.33.

About Vistra

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower?carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.