Insider Selling: Vistra Corp. (NYSE:VST) Insider Sells 1,500,000 Shares of Stock

Vistra Corp. (NYSE:VST – Get Rating) insider Brookfield Asset Management In sold 1,500,000 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $26.63, for a total transaction of $39,945,000.00. Following the sale, the insider now directly owns 16,392,780 shares in the company, valued at approximately $436,539,731.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Brookfield Asset Management In also recently made the following trade(s):

• On Wednesday, May 4th, Brookfield Asset Management In sold 750,000 shares of Vistra stock. The stock was sold at an average price of $25.77, for a total transaction of $19,327,500.00.

Shares of Vistra stock opened at $26.62 on Friday. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of -9.93, a price-to-earnings-growth ratio of 0.19 and a beta of 0.82. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.24 and a current ratio of 1.35. The company has a fifty day moving average of $23.65 and a 200-day moving average of $22.04. Vistra Corp. has a 52-week low of $15.47 and a 52-week high of $27.10.

Vistra (NYSE:VST – Get Rating) last announced its quarterly earnings results on Friday, February 25th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($1.69). The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Vistra had a negative net margin of 10.55% and a negative return on equity of 20.42%. On average, equities research analysts forecast that Vistra Corp. will post 2.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be given a dividend of $0.177 per share. The ex-dividend date is Tuesday, June 21st. This represents a $0.71 annualized dividend and a yield of 2.66%. This is a boost from Vistra’s previous quarterly dividend of $0.17. Vistra’s dividend payout ratio is presently -25.37%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. lifted its position in shares of Vistra by 24.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 458,120 shares of the company’s stock worth $11,925,000 after purchasing an additional 89,962 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Vistra in the 3rd quarter worth about $354,000. Deutsche Bank AG lifted its position in shares of Vistra by 6.7% in the 3rd quarter. Deutsche Bank AG now owns 381,177 shares of the company’s stock worth $6,518,000 after purchasing an additional 23,950 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Vistra in the 3rd quarter worth about $40,000. Finally, Advisory Services Network LLC lifted its position in shares of Vistra by 23.9% in the 3rd quarter. Advisory Services Network LLC now owns 47,875 shares of the company’s stock worth $819,000 after purchasing an additional 9,225 shares during the period.

Separately, Zacks Investment Research raised shares of Vistra from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $24.71.

Vistra Company Profile (Get Rating)

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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