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

Vistra Corp. (NYSE:VST) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 18,068 call options on the stock. This represents an increase of approximately 143% compared to the typical volume of 7,435 call options.

In other Vistra news, Director Scott B. Helm bought 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.89% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co lifted its stake in shares of Vistra by 26.2% during the 1st quarter. Paloma Partners Management Co now owns 199,172 shares of the company’s stock worth $3,521,000 after acquiring an additional 41,336 shares during the last quarter. General American Investors Co. Inc. bought a new stake in shares of Vistra during the 2nd quarter worth approximately $3,667,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Vistra by 26.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 112,656 shares of the company’s stock worth $2,090,000 after acquiring an additional 23,846 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Vistra by 18.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,539,032 shares of the company’s stock worth $121,299,000 after acquiring an additional 1,001,369 shares during the last quarter. Finally, Berkley W R Corp bought a new stake in shares of Vistra during the 1st quarter worth approximately $14,144,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

VST has been the subject of a number of research reports. Morgan Stanley dropped their price target on Vistra from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, August 19th. Zacks Investment Research lowered Vistra from a “hold” rating to a “sell” rating in a research note on Wednesday, September 22nd. Guggenheim raised Vistra from a “neutral” rating to a “buy” rating in a research note on Thursday, July 22nd. BMO Capital Markets increased their price target on Vistra from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Seaport Global Securities increased their price target on Vistra from $19.50 to $22.00 and gave the company a “buy” rating in a research note on Monday, June 21st. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $23.63.

NYSE:VST opened at $19.81 on Thursday. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of -6.02, a PEG 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. The business has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $17.87. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.91 and a quick ratio of 0.82.

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

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

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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