Vistra Corp. (NYSE:VST – Get Free Report)’s stock price fell 6.2% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $155.22 and last traded at $156.3620. 11,270,648 shares changed hands during trading, an increase of 121% from the average session volume of 5,093,762 shares. The stock had previously closed at $166.72.
Specifically, EVP Scott Hudson sold 22,222 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $160.14, for a total value of $3,558,631.08. Following the sale, the executive vice president owned 308,915 shares of the company’s stock, valued at approximately $49,469,648.10. This represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Seaport Research Partners reiterated a “buy” rating and set a $230.00 price target on shares of Vistra in a report on Monday, June 15th. BNP Paribas Exane set a $255.00 target price on Vistra in a research note on Wednesday, August 19th. The Goldman Sachs Group set a $206.00 price target on Vistra in a research note on Wednesday, August 12th. Mizuho initiated coverage on Vistra in a research report on Monday, August 24th. They issued an “outperform” rating and a $169.00 price objective on the stock. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $212.00 target price on shares of Vistra in a research report on Monday, August 10th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.61.
Vistra Stock Down 6.2%
The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The firm has a market cap of $52.48 billion, a PE ratio of 26.41 and a beta of 1.38. The business’s 50-day simple moving average is $143.51 and its 200 day simple moving average is $151.04.
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. As a group, equities research analysts expect that Vistra Corp. will post 9.04 earnings per share for the current year.
Vistra Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.23 per share. This is an increase from Vistra’s previous quarterly dividend of $0.2290. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, September 21st. Vistra’s dividend payout ratio (DPR) is currently 15.54%.
Institutional Trading of Vistra
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Vistra in the 2nd quarter worth $4,610,496,000. Bank of America Corp DE acquired a new stake in Vistra in the second quarter worth about $468,354,000. Bank of New York Mellon Corp purchased a new stake in shares of Vistra during the second quarter worth about $381,938,000. Jupiter Topco LLC purchased a new stake in shares of Vistra during the second quarter worth about $262,169,000. Finally, Deutsche Bank AG purchased a new stake in shares of Vistra during the second quarter worth about $138,267,000. Institutional investors own 90.88% of the company’s stock.
About Vistra
Vistra Corp. (NYSE:VST) is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation facilities and provides electricity and related energy services to residential, commercial, and industrial customers. Its portfolio includes natural gas, nuclear, coal, solar, and battery energy storage assets.
Vistra also operates a retail electricity business that offers power plans, renewable energy options, and energy-management services. Its retail brands include TXU Energy, Homefield Energy, Dynegy, and Ambit Energy, serving customers in competitive electricity markets across the United States.
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