Vistra (NYSE:VST) CEO James Burke Acquires 4,465 Shares of Stock

Vistra Corp. (NYSE:VSTGet Free Report) CEO James Burke purchased 4,465 shares of Vistra stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the completion of the transaction, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at $155,044,108. This represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vistra Price Performance

Vistra stock opened at $143.42 on Thursday. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The firm has a fifty day moving average of $150.14 and a 200-day moving average of $155.05. The firm has a market capitalization of $48.14 billion, a P/E ratio of 24.23 and a beta of 1.40. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VSTGet Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. As a group, analysts predict that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, September 21st. Vistra’s payout ratio is presently 15.54%.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Mizuho started coverage on Vistra in a research report on Monday, August 24th. They set an “outperform” rating and a $169.00 price target on the stock. The Goldman Sachs Group set a $206.00 price target on Vistra in a report on Wednesday, August 12th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research report on Monday, August 10th. Finally, TD Cowen dropped their price objective on shares of Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vistra currently has an average rating of “Moderate Buy” and an average price target of $223.53.

Read Our Latest Research Report on VST

Institutional Trading of Vistra

A number of hedge funds and other institutional investors have recently modified their holdings of VST. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Vistra in the second quarter valued at about $10,667,000. California State Teachers Retirement System increased its holdings in Vistra by 15,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 62,386,324 shares of the company’s stock worth $9,896,343,000 after purchasing an additional 61,994,589 shares during the last quarter. Greenland Capital Management LP acquired a new position in shares of Vistra in the 2nd quarter valued at approximately $961,000. Ameritas Advisory Services LLC acquired a new position in shares of Vistra in the 2nd quarter valued at approximately $115,000. Finally, Saudi Central Bank raised its position in shares of Vistra by 89.5% in the 2nd quarter. Saudi Central Bank now owns 23,698 shares of the company’s stock valued at $3,759,000 after purchasing an additional 11,192 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

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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