Scott B. Helm Sells 50,000 Shares of Vistra Corp. (NYSE:VST) Stock

Vistra Corp. (NYSE:VST - Get Free Report) Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the transaction, the director now directly owns 255,192 shares in the company, valued at $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vistra Stock Performance

VST stock traded up $2.86 during midday trading on Friday, hitting $173.73. The company's stock had a trading volume of 3,296,838 shares, compared to its average volume of 7,390,200. The stock has a market cap of $58.95 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock's 50-day moving average price is $136.79 and its 200 day moving average price is $145.04. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is 14.15%.

Hedge Funds Weigh In On Vistra

Institutional investors have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC raised its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Banque Transatlantique SA increased its stake in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the last quarter. HM Payson & Co. increased its stake in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Finally, Tucker Asset Management LLC purchased a new position in Vistra in the fourth quarter valued at approximately $28,000. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VST. The Goldman Sachs Group upped their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $169.08.

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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