Vistra (NYSE:VST) CEO Sells $387,265.75 in Stock

Key Points

• Vistra CEO James Burke sold 2,005 shares of the company’s stock for approximately $387,265.75, decreasing his ownership stake by 0.69% to 290,254 shares.
• Vistra recently reported quarterly earnings with earnings per share of $1.01, falling short of analysts' estimates, and had a revenue of $4.25 billion compared to expectations of $5.15 billion.
• The company announced a **dividend increase** to $0.226 per share from the previous $0.23, resulting in an annualized dividend of $0.90 and a yield of 0.5%.

Vistra Corp. (NYSE:VST - Get Free Report) CEO James Burke sold 2,005 shares of the firm's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $193.15, for a total transaction of $387,265.75. Following the completion of the sale, the chief executive officer directly owned 290,254 shares in the company, valued at $56,062,560.10. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Vistra Trading Up 2.5%

VST stock traded up $4.61 during midday trading on Thursday, reaching $190.44. 3,029,633 shares of the company's stock traded hands, compared to its average volume of 6,537,574. The company has a market capitalization of $64.53 billion, a P/E ratio of 30.37, a PEG ratio of 2.65 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The business has a 50-day moving average price of $199.60 and a two-hundred day moving average price of $177.12.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.226 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, September 19th. Vistra's payout ratio is 14.35%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Melius assumed coverage on shares of Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Morgan Stanley lifted their price target on shares of Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Daiwa America upgraded shares of Vistra from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Cowen began coverage on shares of Vistra in a research note on Wednesday, October 15th. They set a "buy" rating for the company. Finally, BMO Capital Markets boosted their target price on shares of Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, October 3rd. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Vistra has an average rating of "Buy" and an average target price of $229.31.

Institutional Investors Weigh In On Vistra

Institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA lifted its holdings in Vistra by 132.0% in 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 during the last quarter. Salomon & Ludwin LLC acquired a new stake in Vistra during the 3rd quarter worth about $25,000. HM Payson & Co. raised its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth about $28,000. Finally, Anfield Capital Management LLC acquired a new position in shares of Vistra in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 90.88% of the company's stock.

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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