Vistra Corp. (NYSE:VST) Director John William Pitesa Purchases 1,500 Shares of Stock

Vistra Corp. (NYSE:VST) Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Vistra Stock Performance

VST opened at $124.42 on Friday. The stock’s 50 day moving average price is $155.96 and its two-hundred day moving average price is $136.40. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $60.73 and a 12-month high of $199.84. The firm has a market capitalization 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.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.72%. Vistra’s payout ratio is presently 12.62%.

Institutional Investors Weigh In On Vistra

Hedge funds and other institutional investors have recently made changes to their positions in the company. Centaurus Financial Inc. lifted its holdings in Vistra by 213.4% during the fourth quarter. Centaurus Financial Inc. now owns 6,479 shares of the company’s stock worth $893,000 after acquiring an additional 4,412 shares in the last quarter. Anchor Pointe Wealth Management LLC acquired a new position in shares of Vistra in the fourth quarter valued at approximately $271,000. IronOak Wealth LLC. acquired a new position in shares of Vistra in the fourth quarter valued at approximately $862,000. Castle Rock Wealth Management LLC acquired a new stake in Vistra during the fourth quarter worth approximately $562,000. Finally, Park Square Financial Group LLC acquired a new stake in Vistra during the fourth quarter worth approximately $216,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. 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, Vistra currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

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.