Insider Activity Report: Vistra Corp (VST)

Julie Lagacy, a director at Vistra Corp (VST), recently bought 10,000 shares. The buy increased her stake by 143 percent, and came to a total cost just over $248,000.

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  • This marks the first insider buy in the past three months. The company President and CEO bought 5,000 shares back in March, and a director bought 11,000 shares around the same time. The last insider sales came from an institutional investor last November.

    Overall, company insiders own 0.5 percent of the power utility company.

    Shares are up about 6 percent over the past year, a return about half that of the overall stock market.

    While Vistra has been operating at a loss, revenues have started to jump higher, with a 42 percent rise in the last 12 months.  Shares trade at about 8 times forward earnings estimates, and at about two-thirds their price-to-sales ratio.

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  • Action to take: Investors may like shares at current prices or on a pullback. The utility has a 3.2 percent yield at today’s prices, and the payout has a history of growing over time.

    For traders, the stock is trending higher. The October $28 calls, last going for about $0.70, could see mid-double-digit returns in the coming months. Traders may also want to use any short-term rally to take a smaller profit to reinvest in a faster-moving part of the market.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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