Insider Selling: Vistra (NYSE:VST) Director Sells 244 Shares of Stock

Vistra Corp. (NYSE:VSTGet Free Report) Director Paul Barbas sold 244 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $147.93, for a total value of $36,094.92. Following the completion of the transaction, the director directly owned 53,250 shares in the company, valued at approximately $7,877,272.50. This represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vistra Stock Performance

Shares of NYSE VST traded up $5.01 during trading on Tuesday, hitting $158.53. The company had a trading volume of 4,650,474 shares, compared to its average volume of 5,135,272. The stock has a 50 day simple moving average of $153.57 and a 200 day simple moving average of $159.98. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm has a market capitalization of $53.45 billion, a P/E ratio of 26.55 and a beta of 1.40.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. As a group, analysts anticipate that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.229 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 22nd. Vistra’s dividend payout ratio (DPR) is 15.24%.

Hedge Funds Weigh In On Vistra

Several institutional investors have recently added to or reduced their stakes in VST. Vanguard Group Inc. lifted its stake in shares of Vistra by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after acquiring an additional 390,157 shares during the last quarter. State Street Corp lifted its stake in shares of Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after acquiring an additional 432,028 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Vistra by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after acquiring an additional 97,424 shares during the last quarter. Norges Bank bought a new stake in shares of Vistra during the 4th quarter worth approximately $746,729,000. Finally, Invesco Ltd. lifted its stake in shares of Vistra by 0.8% during the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after acquiring an additional 35,258 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of several research analyst reports. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Seaport Research Partners reiterated a “buy” rating and set a $230.00 target price on shares of Vistra in a research report on Monday. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Buy” and an average target price of $233.33.

Check Out Our Latest Stock Report on Vistra

Vistra Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Vistra (NYSE:VST)

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