Insider Selling at Vistra Corp.

Vistra Corp. (NYSE:VST) has reported that its director, Paul M. Barbas, sold 24,136 shares of the company's stock on Monday, March 3rd. The average price at which the shares were sold was $124.19, resulting in a total transaction value of approximately $2,997,449.84. After this transaction, Barbas holds 51,063 shares of Vistra, which have a total value of around $6,341,513.97. This sale represents a significant 32.10% reduction in his holdings. The transaction was officially documented in a filing with the SEC, which can be accessed on the SEC's website.

Vistra's Stock Performance

On Thursday, Vistra's stock declined by approximately 3.2%, falling to $117.98 during midday trading. A total of 8,022,189 shares were exchanged, surpassing the average trading volume of 7,512,074 shares. The company currently has a debt-to-equity ratio of 4.68 and a current ratio of 1.11. Over the past year, Vistra has seen its stock price fluctuate, with a low of $59.93 and a high of $199.84. As of now, the company boasts a market capitalization of $39.99 billion, a price-to-earnings ratio of 22.01, and a PEG ratio of 1.12.

Dividend Increase

In other news, Vistra Corp. has announced an increase in its quarterly dividend, which is set to be paid on Monday, March 31st. Shareholders registered as of Thursday, March 20th will receive a dividend of $0.2235 per share, up from the previous quarterly dividend of $0.22. This new dividend translates to an annualized payment of $0.89 and yields approximately 0.76%. The company's dividend payout ratio stands at 12.62%.

Analysts Outlook on Vistra

Market analysts have provided positive forecasts for Vistra's stock. Morgan Stanley has raised its price target from $135.00 to $169.00 while maintaining an "overweight" rating. Similarly, BMO Capital Markets has increased its target from $151.00 to $191.00, giving the stock an "outperform" rating. Furthermore, Evercore ISI initiated coverage with an "outperform" rating and a price target of $202.00. Meanwhile, Daiwa America changed their rating to "hold" in a recent report on March 5th.

Hedge Fund Activity

Recent activity from hedge funds and institutional investors indicates a growing interest in Vistra Corp. Axxcess Wealth Management LLC purchased shares of Vistra valued at approximately $742,000 during the third quarter. Other firms like Ashton Thomas Securities LLC and Apollon Wealth Management LLC also bought new stakes, contributing to a rise in institutional ownership, which now accounts for approximately 90.88% of the stock.

Company Overview

Vistra Corp. operates as an integrated company focused on retail electricity and power generation. The firm has six primary segments: Retail, Texas, East, West, Sunset, and Asset Closure. Vistra provides electricity and natural gas services to residential, commercial, and industrial customers in various states across the U.S.

Insider, Selling, Corporation, Stock, Dividends