Insider Buying: Vistra Corp. (NYSE:VST) Director Buys $29,969.10 in Stock

Vistra Corp. (NYSE:VSTGet Free Report) Director Lisa Crutchfield bought 335 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $89.46 per share, for a total transaction of $29,969.10. Following the acquisition, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Vistra Stock Performance

Shares of Vistra stock opened at $88.39 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The company has a market cap of $30.71 billion, a PE ratio of 54.23 and a beta of 1.03. The company has a 50 day moving average of $83.98 and a 200-day moving average of $59.84. Vistra Corp. has a 1-year low of $24.70 and a 1-year high of $107.24.

Vistra (NYSE:VSTGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.39). The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.81 billion. Vistra had a return on equity of 24.72% and a net margin of 5.66%. As a group, equities research analysts forecast that Vistra Corp. will post 3.8 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.218 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a yield of 0.99%. Vistra’s dividend payout ratio (DPR) is 52.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VST. EverSource Wealth Advisors LLC boosted its stake in shares of Vistra by 141.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 975 shares of the company’s stock valued at $74,000 after purchasing an additional 572 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Vistra by 7.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,556 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,342 shares during the last quarter. Cetera Advisors LLC boosted its position in Vistra by 63.7% in the first quarter. Cetera Advisors LLC now owns 25,177 shares of the company’s stock valued at $1,754,000 after buying an additional 9,801 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Vistra by 588.5% during the first quarter. Cetera Investment Advisers now owns 91,586 shares of the company’s stock worth $6,379,000 after buying an additional 78,283 shares during the last quarter. Finally, Invst LLC acquired a new position in shares of Vistra during the first quarter worth $1,098,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VST shares. BMO Capital Markets boosted their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. UBS Group raised their price target on Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Janney Montgomery Scott started coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective on the stock. Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Finally, Morgan Stanley raised their price objective on Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $87.83.

Read Our Latest Report on VST

About Vistra

(Get Free Report)

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.

Further Reading

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