Insider Buying: Vistra Corp. (NYSE:VST) Director Buys $190,125.00 in Stock

Vistra Corp. (NYSE:VSTGet Free Report) Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vistra Stock Performance

Shares of NYSE:VST opened at $124.42 on Monday. The company has a market cap of $42.32 billion, a P/E ratio of 23.21, a PEG 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 Corp. has a one year low of $60.86 and a one year high of $199.84. The business’s 50-day simple moving average is $155.20 and its 200 day simple moving average is $137.42.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Institutional Investors Weigh In On Vistra

Several hedge funds have recently modified their holdings of VST. Avior Wealth Management LLC raised its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Founders Capital Management purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on VST. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley increased their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

View Our Latest Stock Analysis 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.

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