Investors Buy Large Volume of Vistra Call Options (NYSE:VST)

Vistra Corp. (NYSE:VST) was the target of some unusual options trading on Wednesday. Stock investors purchased 18,068 call options on the stock. This is an increase of approximately 143% compared to the average daily volume of 7,435 call options.

VST stock opened at $19.81 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.82. The business has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $17.87. The firm has a market capitalization of $9.56 billion, a PE ratio of -6.02, a price-to-earnings-growth ratio of 4.16 and a beta of 0.88. Vistra has a 1 year low of $15.47 and a 1 year high of $24.20.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $2.57 billion during the quarter. Vistra had a negative net margin of 13.44% and a negative return on equity of 20.81%. On average, equities research analysts expect that Vistra will post 0.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Thursday, September 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Wednesday, September 15th. Vistra’s dividend payout ratio is presently 40.54%.

VST has been the subject of several recent analyst reports. Bank of America restated a “buy” rating and issued a $23.00 price target on shares of Vistra in a research note on Thursday, September 30th. Wolfe Research upgraded Vistra from a “peer perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Wednesday, July 7th. Guggenheim upgraded Vistra from a “neutral” rating to a “buy” rating in a research note on Thursday, July 22nd. BMO Capital Markets boosted their price objective on Vistra from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Zacks Investment Research lowered Vistra from a “hold” rating to a “sell” rating in a research note on Wednesday, September 22nd. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Vistra currently has an average rating of “Buy” and an average target price of $23.63.

In other Vistra news, Director Scott B. Helm purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 19th. The stock was purchased at an average price of $17.98 per share, for a total transaction of $89,900.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VST. Amundi Pioneer Asset Management Inc. lifted its holdings in Vistra by 24.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 458,120 shares of the company’s stock valued at $11,925,000 after acquiring an additional 89,962 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vistra by 111.6% in the first quarter. Principal Financial Group Inc. now owns 214,392 shares of the company’s stock valued at $3,791,000 after acquiring an additional 113,072 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Vistra by 230.3% in the first quarter. Acadian Asset Management LLC now owns 51,655 shares of the company’s stock valued at $913,000 after acquiring an additional 36,016 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Vistra by 2.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 636,381 shares of the company’s stock valued at $11,995,000 after acquiring an additional 12,863 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Vistra by 104.8% in the first quarter. Sei Investments Co. now owns 423,598 shares of the company’s stock valued at $7,870,000 after acquiring an additional 216,757 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Vistra Company Profile

Vistra Corp. is an energy company, which engages in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial and industrial customers.

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