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

Vistra Corp. (NYSE:VST) Director John Sult sold 6,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were 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 directly owned 70,714 shares of the company’s stock, valued at $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vistra Stock Up 0.1%

Shares of NYSE:VST opened at $162.62 on Thursday. The business’s 50 day simple moving average is $154.74 and its two-hundred day simple moving average is $159.34. The firm has a market cap of $54.83 billion, a P/E ratio of 27.24 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating 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 firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. As a group, research analysts forecast that Vistra Corp. will post 9.31 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 paid a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is presently 15.41%.

Hedge Funds Weigh In On Vistra

A number of hedge funds have recently bought and sold shares of VST. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Vistra during the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Vistra in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Vistra during the 4th quarter worth approximately $30,000. Finally, Triumph Capital Management purchased a new position in shares of Vistra in the 3rd quarter worth approximately $38,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VST. 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. Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and set a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Finally, Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Two equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $230.31.

Vistra Company Profile

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.