Vistra (NYSE:VST) CEO James Burke Sells 21,378 Shares

Key Points

• Vistra CEO James Burke sold 21,378 shares at an average price of $201.94, totaling $4.32 million, reducing his ownership stake by 7.91%.
• The company reported a quarterly loss with earnings per share of $1.01, missing the consensus estimate of $1.63 by $0.62, and revenue of $4.25 billion, below the estimated $5.15 billion.
• Vistra announced a quarterly dividend increase to $0.226 per share, resulting in an annualized dividend yield of 0.5% and a payout ratio of 14.35%.

Vistra Corp. (NYSE:VST - Get Free Report) CEO James Burke sold 21,378 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $201.94, for a total value of $4,317,073.32. Following the sale, the chief executive officer owned 249,016 shares in the company, valued at approximately $50,286,291.04. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Vistra Stock Down 1.1%

Shares of NYSE VST traded down $2.13 during midday trading on Tuesday, hitting $195.81. 5,824,572 shares of the stock traded hands, compared to its average volume of 4,866,156. The business has a 50 day moving average price of $200.20 and a two-hundred day moving average price of $168.77. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The company has a market cap of $66.34 billion, a PE ratio of 31.23, a P/E/G ratio of 3.00 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, equities analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio is presently 14.35%.

Institutional Investors Weigh In On Vistra

Hedge funds have recently made changes to their positions in the company. Banque Transatlantique SA boosted its position in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. HM Payson & Co. increased its position in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra in the second quarter valued at $28,000. Anfield Capital Management LLC acquired a new stake in shares of Vistra during the 2nd quarter worth about $29,000. Finally, City State Bank raised its stake in Vistra by 210.0% in the 2nd quarter. City State Bank now owns 155 shares of the company's stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on VST. The Goldman Sachs Group boosted their target price on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Scotiabank began coverage on Vistra in a research report on Monday, September 22nd. They set a "sector outperform" rating and a $256.00 target price on the stock. Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Raymond James Financial initiated coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $218.20.

About Vistra

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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