Vistra Corp. (NYSE:VST) Director Buys $234,000.00 in Stock

Vistra Corp. (NYSE:VST – Get Rating) Director Scott B. Helm bought 9,000 shares of the stock in a transaction dated Thursday, May 26th. The stock was purchased at an average price of $26.00 per share, with a total value of $234,000.00. Following the purchase, the director now owns 268,201 shares in the company, valued at $6,973,226. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:VST traded up $0.38 during trading hours on Friday, reaching $26.31. 5,622,708 shares of the company traded hands, compared to its average volume of 5,003,616. The business’s 50-day moving average price is $24.39 and its two-hundred day moving average price is $22.57. The stock has a market capitalization of $11.36 billion, a P/E ratio of 32.48 and a beta of 0.82. Vistra Corp. has a 1 year low of $15.95 and a 1 year high of $27.10. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.98.

Vistra (NYSE:VST – Get Rating) last posted 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). Vistra had a return on equity of 13.60% and a net margin of 4.03%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $4.66 billion. As a group, equities analysts anticipate that Vistra Corp. will post 2.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be paid a $0.177 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $0.71 annualized dividend and a dividend yield of 2.69%. This is a boost from Vistra’s previous quarterly dividend of $0.17. Vistra’s payout ratio is currently 83.95%.

Hedge funds have recently bought and sold shares of the company. Trustcore Financial Services LLC purchased a new position in shares of Vistra in the first quarter worth $27,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Vistra in the fourth quarter worth $28,000. Rational Advisors LLC grew its holdings in shares of Vistra by 128.0% in the fourth quarter. Rational Advisors LLC now owns 1,245 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the period. National Bank of Canada FI bought a new stake in shares of Vistra in the fourth quarter worth $35,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of Vistra in the first quarter worth $35,000.

A number of research firms have recently commented on VST. Zacks Investment Research upgraded Vistra from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday, May 5th. Morgan Stanley lifted their price objective on Vistra from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $25.57.

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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