Insider Selling: Vistra Corp. (NYSE:VST) EVP Sells 60,000 Shares of Stock

Vistra Corp. (NYSE:VSTGet Rating) EVP Scott A. Hudson sold 60,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $25.55, for a total transaction of $1,533,000.00. Following the completion of the sale, the executive vice president now owns 177,070 shares of the company’s stock, valued at approximately $4,524,138.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Vistra Stock Down 1.6 %

Shares of NYSE:VST opened at $24.06 on Friday. The company has a 50 day moving average of $24.80 and a 200-day moving average of $24.29. Vistra Corp. has a one year low of $16.51 and a one year high of $27.39. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of -9.51 and a beta of 0.90. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.05 and a quick ratio of 1.00.

Vistra (NYSE:VSTGet Rating) last released its earnings results on Friday, August 5th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $1.31. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $2.58 billion. Vistra had a negative net margin of 8.32% and a positive return on equity of 27.24%. On average, sell-side analysts forecast that Vistra Corp. will post 1.01 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be paid a $0.184 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, September 20th. This represents a $0.74 annualized dividend and a yield of 3.06%. Vistra’s dividend payout ratio is presently -29.25%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Vistra from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. TheStreet cut Vistra from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th.

Hedge Funds Weigh In On Vistra

Several institutional investors have recently modified their holdings of the stock. Trustcore Financial Services LLC bought a new position in Vistra during the 1st quarter worth approximately $27,000. 1832 Asset Management L.P. acquired a new position in Vistra in the 1st quarter worth $35,000. CWM LLC raised its stake in shares of Vistra by 256.6% in the 1st quarter. CWM LLC now owns 1,537 shares of the company’s stock valued at $36,000 after purchasing an additional 1,106 shares during the period. NuWave Investment Management LLC bought a new stake in shares of Vistra in the first quarter valued at about $50,000. Finally, Lazard Asset Management LLC boosted its position in shares of Vistra by 2,324.7% during the first quarter. Lazard Asset Management LLC now owns 2,158 shares of the company’s stock worth $50,000 after buying an additional 2,069 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

About Vistra

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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 20 states in the United States and the District of Columbia.

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Insider Buying and Selling by Quarter for Vistra (NYSE:VST)

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