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On March 12, John William Pitesa, a director at Vistra Corp. (NYSE:VST), acquired 1,500 shares of the company’s common stock. The shares were purchased at a weighted-average price of $126.75 per share, amounting to a total transaction value of $190,125.
Following this purchase, Pitesa’s direct ownership in Vistra Corp. stands at 3,467 shares. The transaction was disclosed in a filing with the Securities and Exchange Commission, with Daniela Gutierrez acting as Attorney-in-Fact for the submission. According to InvestingPro analysis, Vistra appears fairly valued at current levels, with 12+ additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Vistra Energy Corp reported robust fourth-quarter 2024 earnings, significantly exceeding analyst expectations. The company’s earnings per share (EPS) reached $2.38, surpassing the forecasted $1.39, while revenue soared to $17.22 billion, well above the anticipated $3.72 billion. Despite these strong financial results, Vistra’s stock experienced a decline in pre-market trading. BofA Securities upgraded Vistra Energy’s stock from Neutral to Buy, although they reduced the price target to $152. This adjustment reflects confidence in Vistra’s fundamentals despite recent stock underperformance attributed to the absence of new datacenter announcements.
Fitch Ratings revised Vistra Holdings Limited’s outlook from Stable to Negative, maintaining the Long-Term Foreign-Currency Issuer Default Rating at ’B+’. The revision is due to a slower-than-expected pace of deleveraging and increased net debt from acquisitions. Fitch highlighted Vistra’s stable business profile and projected improvements in EBITDA margin by 2026. Vistra’s strategic initiatives in renewable energy and nuclear power continue to bolster its growth trajectory, with significant investments planned in solar and energy storage for 2025. The company aims to return at least $2 billion through share repurchases in 2025-2026, reflecting its commitment to shareholder returns amidst evolving market dynamics.
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