Vistra (NYSE:VST) Stock Price Down 2.6% Following Insider Selling

Vistra Corp. (NYSE:VSTGet Free Report)’s stock price dropped 2.6% during trading on Thursday following insider selling activity. The stock traded as low as $115.79 and last traded at $118.80. Approximately 2,201,768 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 7,489,485 shares. The stock had previously closed at $121.92.

Specifically, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

VST has been the subject of a number of research reports. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa America upgraded shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley raised their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.83.

Read Our Latest Stock Analysis on VST

Vistra Stock Up 5.4 %

The firm’s 50 day moving average price is $155.96 and its two-hundred day moving average price is $136.40. The company has a market cap of $42.32 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Institutional Trading of Vistra

Several hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Geode Capital Management LLC grew its position in Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock valued at $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA grew its position in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the period. Janus Henderson Group PLC grew its position in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares during the period. Finally, Northern Trust Corp grew its position in Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock valued at $417,261,000 after purchasing an additional 296,714 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Company Profile

(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.

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