Vistra Corp. (NYSE:VST) Director Sells $2,795,400.00 in Stock

Vistra Corp. (NYSE:VSTGet Free Report) Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vistra Price Performance

NYSE:VST opened at $144.94 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a fifty day simple moving average of $139.60 and a 200 day simple moving average of $106.15. Vistra Corp. has a 1-year low of $37.38 and a 1-year high of $168.67. The stock has a market capitalization of $49.31 billion, a PE ratio of 27.04, a P/E/G ratio of 1.87 and a beta of 1.16.

Vistra announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 16.42%.

Institutional Investors Weigh In On Vistra

Hedge funds have recently bought and sold shares of the company. Redwood Wealth Management Group LLC bought a new stake in Vistra in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in Vistra in the 3rd quarter valued at $30,000. CVA Family Office LLC lifted its holdings in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Vistra during the 2nd quarter valued at $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BMO Capital Markets upped their price target on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group increased their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $149.10.

Check Out Our Latest Research Report on VST

About Vistra

(Get Free Report)

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.

Further Reading

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