Insider Selling: Vistra (NYSE:VST) CAO Sells 4,600 Shares of Stock

Vistra Corp. (NYSE:VST) CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Margaret Montemayor also recently made the following trade(s):

• On Wednesday, May 27th, Margaret Montemayor sold 5,000 shares of Vistra stock. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00.

Vistra Price Performance

Shares of NYSE VST traded down $0.14 during mid-day trading on Thursday, reaching $153.66. 2,949,861 shares of the company traded hands, compared to its average volume of 5,191,865. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week 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. The firm has a market cap of $51.81 billion, a PE ratio of 25.74 and a beta of 1.40. The stock has a fifty day simple moving average of $154.24 and a 200-day simple moving average of $161.46.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Equities research analysts anticipate that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bridgewater Advisors Inc. raised its holdings in Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after acquiring an additional 53 shares during the period. Y.D. More Investments Ltd raised its holdings in Vistra by 7.1% in the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after acquiring an additional 61 shares during the period. Equitable Holdings Inc. raised its holdings in Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares during the period. SOA Wealth Advisors LLC. raised its holdings in Vistra by 21.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after acquiring an additional 65 shares during the period. Finally, UMB Bank n.a. raised its holdings in Vistra by 3.8% in the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock worth $286,000 after acquiring an additional 65 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VST. TD Cowen decreased their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research note on Monday, March 2nd. Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Finally, Raymond James Financial set a $208.00 price objective on shares of Vistra in a research note on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Vistra currently has a consensus rating of “Buy” and an average price target of $233.33.

About Vistra

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.