Vistra (NYSE:VST) CEO Sells $4,335,502.16 in Stock

Key Points

• Vistra Corp. CEO James Burke sold 21,374 shares of stock for approximately $4.34 million, reducing his holdings by 8.85%. Following the sale, he retains ownership of 220,049 shares valued at around $44.63 million.
• The company's stock recently traded down to $209.22 and has a market cap of $70.89 billion, with a P/E ratio of 33.37.
• Vistra declared a quarterly dividend of $0.226 per share, a slight increase from the previous $0.23, representing an annualized yield of 0.4% and a payout ratio of 14.35%.

Vistra Corp. (NYSE:VST - Get Free Report) CEO James Burke sold 21,374 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $202.84, for a total value of $4,335,502.16. Following the sale, the chief executive officer directly owned 220,049 shares of the company's stock, valued at $44,634,739.16. The trade was a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vistra Stock Performance

Shares of VST stock traded down $4.30 during trading hours on Tuesday, reaching $209.22. 3,825,886 shares of the company's stock were exchanged, compared to its average volume of 6,819,804. Vistra Corp. has a fifty-two week low of $88.89 and a fifty-two week high of $217.90. The stock has a market capitalization of $70.89 billion, a P/E ratio of 33.37, a P/E/G ratio of 3.28 and a beta of 1.33. The business has a fifty day moving average price of $196.94 and a 200-day moving average price of $162.45. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

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

Vistra Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on VST. Melius began coverage on Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Jefferies Financial Group upped their target price on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Morgan Stanley set a $207.00 target price on Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. BMO Capital Markets upped their target price on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group upped their target price on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average target price of $201.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VST. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% during the first 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. grew its holdings 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 purchasing an additional 168 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Vistra during the second quarter worth $28,000. Anfield Capital Management LLC bought a new stake in shares of Vistra during the second quarter worth $29,000. Finally, City State Bank grew its holdings in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company's stock worth $30,000 after purchasing an additional 105 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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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