Insider Selling: Vistra (NYSE:VST) CEO Sells 21,379 Shares of Stock

Key Points

• Vistra Corp.'s CEO James Burke sold 21,379 shares of stock on September 25th, resulting in a total transaction value of $4,273,662.10, and decreased his position by 8.06%.
• The company announced a quarterly dividend of $0.226 per share, marking a slight increase from the previous $0.23 dividend, with a payout ratio of 14.35%.
• Vistra's recent quarterly earnings report showed an EPS of $1.01, which missed estimates by $0.62, and the company generated $4.25 billion in revenue, below the expected $5.15 billion.

Vistra Corp. (NYSE:VST - Get Free Report) CEO James Burke sold 21,379 shares of the business's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $199.90, for a total value of $4,273,662.10. Following the completion of the transaction, the chief executive officer owned 243,770 shares of the company's stock, valued at $48,729,623. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vistra Stock Performance

NYSE VST traded up $5.65 on Friday, hitting $207.27. 3,094,416 shares of the company traded hands, compared to its average volume of 6,734,123. The business's 50 day moving average price is $199.60 and its 200-day moving average price is $166.77. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a market capitalization of $70.23 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 3.16 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 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%. Equities analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a dividend of $0.226 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra's payout ratio is presently 14.35%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $230.00 target price (down from $241.00) on shares of Vistra in a report on Monday. Scotiabank started coverage on shares of Vistra in a research report on Monday. They set a "sector outperform" rating and a $256.00 target price on the stock. Daiwa America raised shares of Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Finally, UBS Group upped their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $218.20.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CacheTech Inc. acquired a new position in shares of Vistra in the 2nd quarter valued at $388,000. Adams Wealth Management bought a new position in Vistra in the 2nd quarter worth approximately $388,000. Valeo Financial Advisors LLC increased its position in Vistra by 25.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,966 shares of the company's stock worth $1,544,000 after buying an additional 1,619 shares during the period. WT Wealth Management bought a new stake in shares of Vistra during the second quarter valued at approximately $234,000. Finally, Reynders McVeigh Capital Management LLC bought a new stake in shares of Vistra during the second quarter valued at approximately $262,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Company Profile

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.

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