Vistra Corp. (NYSE:VST) Director Sells $2,997,449.84 in Stock

Vistra Corp. (NYSE:VST) Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vistra Price Performance

Shares of Vistra stock opened at $124.42 on Friday. The stock has a 50 day moving average of $155.20 and a 200 day moving average of $137.04. Vistra Corp. has a 12 month low of $60.86 and a 12 month high of $199.84. The firm has a market cap of $42.32 billion, a PE ratio of 23.21, a PEG ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. Vistra’s dividend payout ratio is 12.62%.

Institutional Investors Weigh In On Vistra

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC raised its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Pathway Financial Advisers LLC raised its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Founders Capital Management purchased a new stake in Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC purchased a new stake in Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra during the fourth quarter valued at approximately $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on VST. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group upped their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Finally, Morgan Stanley upped their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

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.