John William Pitesa Acquires 1,500 Shares of Vistra Corp. (NYSE:VST) Stock

Vistra Corp. (NYSE:VST) Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vistra Trading Up 5.4 %

Shares of VST stock opened at $124.42 on Friday. The company has a 50-day moving average of $155.20 and a two-hundred day moving average of $137.04. The firm has a market cap of $42.32 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $60.86 and a 1-year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VST shares. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Evercore ISI initiated 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. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and dropped their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VST. Avior Wealth Management LLC grew its stake in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Founders Capital Management purchased a new stake in Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra during the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the fourth quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

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.