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

Vistra Corp. (NYSE:VSTGet Free Report) 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.

View Our Latest Analysis on VST

Vistra Company Profile

(Get Free Report)

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.

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