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 firm’s stock in a transaction dated 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 transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Vistra Price Performance

Shares of VST stock opened at $124.42 on Friday. The firm has a market cap of $42.32 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a fifty-two week low of $60.86 and a fifty-two week high of $199.84. The business’s 50 day moving average price is $155.20 and its 200-day moving average price is $137.04. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Institutional Investors Weigh In On Vistra

A number of large investors have recently made changes to their positions in the business. Centaurus Financial Inc. grew its position in shares of Vistra by 213.4% in the 4th quarter. Centaurus Financial Inc. now owns 6,479 shares of the company’s stock worth $893,000 after buying an additional 4,412 shares during the last quarter. Anchor Pointe Wealth Management LLC purchased a new position in shares of Vistra in the fourth quarter worth $271,000. IronOak Wealth LLC. purchased a new position in shares of Vistra in the fourth quarter worth $862,000. Castle Rock Wealth Management LLC purchased a new position in shares of Vistra in the fourth quarter worth $562,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Vistra in the fourth quarter worth $216,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VST has been the topic of a number of research reports. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.