Insider Selling: Vistra Corp. (NYSE:VST) Director Sells $8,637,500.00 in Stock

Vistra Corp. (NYSE:VST) Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director now directly owns 255,192 shares in the company, valued at approximately $44,084,418. This represents a 16.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Vistra Stock Up 1.7%

NYSE:VST opened at $173.73 on Monday. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a 50-day moving average of $136.79 and a 200 day moving average of $144.83. The firm has a market cap of $58.95 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.52%. Vistra’s dividend payout ratio is 14.15%.

Hedge Funds Weigh In On Vistra

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Vistra by 355.8% in the fourth quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company’s stock worth $883,000 after purchasing an additional 5,002 shares in the last quarter. Guardian Asset Advisors LLC acquired a new position in Vistra in the 4th quarter worth approximately $254,000. Savant Capital LLC increased its holdings in Vistra by 10.7% in the 4th quarter. Savant Capital LLC now owns 4,058 shares of the company’s stock worth $559,000 after buying an additional 393 shares during the period. Empire Life Investments Inc. boosted its position in Vistra by 0.9% in the 4th quarter. Empire Life Investments Inc. now owns 195,947 shares of the company’s stock worth $27,015,000 after purchasing an additional 1,681 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Vistra in the 4th quarter worth approximately $1,177,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an “outperform” rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating and set a $178.00 price objective (up previously from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Finally, Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and an average target price of $169.08.

About Vistra

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 states in the United States and the District of Columbia.