Insider Selling: Vistra (NYSE:VST) CEO Sells $3,850,616.00 in Stock

Vistra Corp. (NYSE:VST) CEO James Burke sold 19,600 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $196.46, for a total transaction of $3,850,616.00. Following the completion of the transaction, the chief executive officer directly owned 297,429 shares in the company, valued at approximately $58,432,901.34. The trade was a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vistra Stock Performance

VST opened at $199.69 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a market cap of $67.66 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.71 and a beta of 1.33. The company’s 50 day moving average is $199.55 and its 200 day moving average is $181.10. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VST shares. Wells Fargo & Company started coverage on shares of Vistra in a report on Monday. They set an “overweight” rating and a $238.00 price target on the stock. Melius Research raised shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, Daiwa Capital Markets raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus target price of $229.93.

Institutional Investors Weigh In On Vistra

Several institutional investors and hedge funds have recently modified their holdings of VST. Norges Bank bought a new stake in shares of Vistra during the second quarter valued at approximately $930,080,000. Lone Pine Capital LLC raised its position in shares of Vistra by 40.5% during the second quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock valued at $1,253,896,000 after buying an additional 1,864,931 shares during the last quarter. Nuveen LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $209,149,000. Alkeon Capital Management LLC raised its position in shares of Vistra by 280.6% during the second quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after buying an additional 1,000,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 15.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after buying an additional 930,912 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

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.