James Burke Acquires 2,200 Shares of Vistra (NYSE:VST) Stock

by · The Markets Daily

Vistra Corp. (NYSE:VST – Get Free Report) CEO James Burke bought 2,200 shares of Vistra stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $135.99 per share, for a total transaction of $299,178.00. Following the purchase, the chief executive officer owned 1,141,887 shares of the company’s stock, valued at $155,285,213.13. The trade was a 0.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vistra Price Performance

VST stock traded up $1.98 during mid-day trading on Wednesday, hitting $140.06. 1,411,135 shares of the stock were exchanged, compared to its average volume of 4,872,870. The business has a fifty day moving average price of $150.53 and a 200 day moving average price of $155.19. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a market capitalization of $47.01 billion, a price-to-earnings ratio of 23.63 and a beta of 1.41.

Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, sell-side analysts anticipate that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend 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 currently 15.54%.

Institutional Investors Weigh In On Vistra

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after buying an additional 3,920 shares in the last quarter. Woodline Partners LP raised its position in Vistra by 40.7% in the first quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock worth $3,376,000 after acquiring an additional 8,312 shares during the period. Focus Partners Wealth grew its position in shares of Vistra by 37.3% during the 1st quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after acquiring an additional 2,125 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Vistra during the 2nd quarter valued at $269,000. Finally, Slocum Gordon & Co LLP increased its stake in shares of Vistra by 20.0% in the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after purchasing an additional 200 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VST. Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Zacks Research lowered Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. UBS Group dropped their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Finally, BNP Paribas Exane set a $255.00 target price on Vistra in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $223.53.

Read Our Latest Stock Analysis on VST

Vistra Company Profile

(Get Free Report)

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.

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