James Burke Sells 19,596 Shares of Vistra (NYSE:VST) Stock

Vistra Corp. (NYSE:VST) CEO James Burke sold 19,596 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $199.30, for a total transaction of $3,905,482.80. Following the sale, the chief executive officer directly owned 251,420 shares of the company’s stock, valued at approximately $50,108,006. The trade was a 7.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Vistra Stock Performance

NYSE VST opened at $202.25 on Friday. The firm has a market cap 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 50 day moving average of $200.57 and a 200-day moving average of $170.06. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings results 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). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a $0.226 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s dividend payout ratio (DPR) is 14.35%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VST. The Goldman Sachs Group raised their price target on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. UBS Group raised their price target on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Morgan Stanley raised their price target on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price target for the company. Finally, Scotiabank initiated coverage on shares of Vistra in a report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $224.21.

Institutional Trading of Vistra

Institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth $28,000. Anfield Capital Management LLC bought a new position in shares of Vistra during the second quarter worth $29,000. City State Bank boosted its position in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Vistra by 19,300.0% during the second quarter. Laurel Wealth Advisors LLC now owns 194 shares of the company’s stock worth $38,000 after purchasing an additional 193 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of Vistra by 65.9% during the second quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock worth $41,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

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.