Vistra (NYSE:VST) Trading Down 2.9% After Insider Selling

Vistra Corp. (NYSE:VSTGet Free Report) was down 2.9% during trading on Tuesday following insider selling activity. The stock traded as low as $159.14 and last traded at $162.42. Approximately 3,749,754 shares changed hands during trading, a decline of 27% from the average daily volume of 5,136,172 shares. The stock had previously closed at $167.26.

Specifically, Director John R. Sult sold 6,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares in the company, valued at $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VST. JPMorgan Chase & Co. reduced their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. Seaport Research Partners reaffirmed a “buy” rating and set a $230.00 price target on shares of Vistra in a research report on Monday, June 15th. Wells Fargo & Company lowered their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $212.00 price objective 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 given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $230.44.

Check Out Our Latest Research Report on VST

Vistra News Summary

Here are the key news stories impacting Vistra this week:

Vistra Stock Down 2.9%

The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The company has a market capitalization of $54.77 billion, a PE ratio of 27.21 and a beta of 1.40. The company’s 50 day moving average is $154.49 and its two-hundred day moving average is $159.50.

Vistra (NYSE:VSTGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. On average, analysts anticipate that Vistra Corp. will post 9.31 earnings per share for the current year.

Vistra Increases Dividend

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

Hedge Funds Weigh In On Vistra

Several institutional investors have recently bought and sold shares of the business. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Vistra in the 3rd quarter worth $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra in the fourth quarter worth about $30,000. Finally, Triumph Capital Management bought a new stake in Vistra during the third quarter worth approximately $38,000. Institutional investors own 90.88% of the company’s stock.

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.

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