Vistra (NYSE:VST) CEO Purchases 4,465 Shares

Vistra Corp. (NYSE:VST) CEO James Burke bought 4,465 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $135.25 per share, with a total value of $603,891.25. Following the transaction, the chief executive officer directly owned 1,146,352 shares in the company, valued at $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vistra Price Performance

NYSE:VST traded up $1.98 during trading hours on Wednesday, reaching $140.06. The company had a trading volume of 1,411,135 shares, compared to its average volume of 4,872,870. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock has a 50-day moving average of $150.53 and a two-hundred day moving average of $155.19. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The firm has a market capitalization of $47.01 billion, a PE ratio of 23.63 and a beta of 1.41.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Analysts forecast that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.23 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. Vistra’s dividend payout ratio is 15.54%.

Analyst Ratings Changes

A number of research firms have recently issued reports on VST. Scotiabank lifted their target price on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. TD Cowen dropped their price target on Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Morgan Stanley lifted their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. BNP Paribas Exane set a $255.00 price objective on Vistra in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.53.

Institutional Trading of Vistra

Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System increased its holdings in shares of Vistra by 15,825.6% in the second quarter. California State Teachers Retirement System now owns 62,386,324 shares of the company’s stock valued at $9,896,343,000 after purchasing an additional 61,994,589 shares in the last quarter. BlackRock Inc. acquired a new position in Vistra during the 2nd quarter worth $4,610,496,000. State Street Corp lifted its holdings in Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after buying an additional 432,028 shares in the last quarter. Geode Capital Management LLC boosted its position in Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after buying an additional 97,424 shares during the last quarter. Finally, Norges Bank bought a new position in Vistra in the 4th quarter valued at $746,729,000. 90.88% of the stock is owned by institutional investors.

About Vistra

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.