James Burke Sells 19,613 Shares of Vistra (NYSE:VST) Stock

Vistra Corp. (NYSE:VST) CEO James Burke sold 19,613 shares of Vistra stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $187.12, for a total value of $3,669,984.56. Following the sale, the chief executive officer directly owned 295,029 shares of the company’s stock, valued at $55,205,826.48. This represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Vistra Price Performance

NYSE:VST opened at $190.24 on Wednesday. The firm has a market capitalization of $64.46 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.83 and a beta of 1.33. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The stock has a fifty day moving average of $199.41 and a 200 day moving average of $180.49. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST) last posted 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). The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, research analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Amalgamated Bank increased its holdings in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after buying an additional 1,387 shares during the period. Peak Financial Advisors LLC purchased a new position in shares of Vistra in the second quarter worth about $547,000. Envestnet Asset Management Inc. increased its holdings in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after buying an additional 57,551 shares during the period. Tcfg Wealth Management LLC purchased a new position in Vistra during the 2nd quarter valued at about $258,000. Finally, Golden State Wealth Management LLC increased its holdings in Vistra by 2,540.0% during the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock valued at $47,000 after purchasing an additional 381 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VST shares. Scotiabank started coverage on Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective for the company. Wells Fargo & Company started coverage on Vistra in a research note on Monday. They set an “overweight” rating and a $238.00 price target for the company. Wall Street Zen lowered Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vistra in a research note on Wednesday, October 8th. Four research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $229.93.

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.