Scott A. Hudson Sells 115,000 Shares of Vistra Corp. (NYSE:VST) Stock

Vistra Corp. (NYSE:VST) EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vistra Stock Performance

Vistra stock opened at $162.63 on Wednesday. Vistra Corp. has a 12-month low of $34.70 and a 12-month high of $168.67. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business’s 50-day moving average price is $128.54 and its two-hundred day moving average price is $100.54. The stock has a market cap of $55.33 billion, a PE ratio of 30.34, a P/E/G ratio of 1.98 and a beta of 1.09.

Vistra declared that its board has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 16.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra during the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra during the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra during the third quarter valued at about $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Vistra during the first quarter valued at about $32,000. Finally, CVA Family Office LLC boosted its stake in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent research reports. BMO Capital Markets increased their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. initiated coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price target on the stock. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $149.10.

Vistra Company Profile

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.