Vistra (NYSE:VST) Director John Sult Sells 6,500 Shares of Stock

Vistra Corp. (NYSE:VSTGet Free Report) Director John Sult sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares in the company, valued at $12,021,380. The trade was a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vistra Stock Down 2.9%

VST stock traded down $4.84 on Tuesday, reaching $162.42. 3,750,351 shares of the company traded hands, compared to its average volume of 5,143,396. The firm has a fifty day simple moving average of $154.49 and a 200-day simple moving average of $159.50. The company has a market cap of $54.77 billion, a P/E ratio of 27.21 and a beta of 1.40. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VSTGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Research analysts anticipate that Vistra Corp. will post 9.31 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.24%.

More Vistra News

Here are the key news stories impacting Vistra this week:

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VST shares. Morgan Stanley restated an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research note on Thursday, May 21st. BMO Capital Markets reiterated an “outperform” rating and set a $241.00 price target on shares of Vistra in a report on Monday, March 2nd. Wells Fargo & Company reduced their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, TD Cowen lowered their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Vistra has an average rating of “Buy” and a consensus target price of $230.44.

Get Our Latest Stock Report on Vistra

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VST. Vanguard Group Inc. grew its stake in shares of Vistra by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after purchasing an additional 390,157 shares during the period. State Street Corp lifted its stake in shares of Vistra by 2.7% in the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after purchasing an additional 432,028 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Vistra by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after buying an additional 97,424 shares during the last quarter. Norges Bank bought a new stake in Vistra during the fourth quarter valued at approximately $746,729,000. Finally, Invesco Ltd. grew its position in Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after buying an additional 35,258 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

About Vistra

(Get Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

Further Reading

Insider Buying and Selling by Quarter for Vistra (NYSE:VST)

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