Carrie Lee, Executive Vice President and Chief Administrative Officer at Vistra Corp. (NYSE:VST), reported significant stock transactions according to a recent SEC filing. On November 22, Lee sold a total of 85,000 shares of Vistra Corp. common stock, generating approximately $13.8 million. The sales were executed at prices ranging from $162.28 to $162.42 per share.
Additionally, Lee exercised stock options to acquire 85,000 shares at a price of $19.68 per share, totaling $1.67 million. Following these transactions, Lee's direct ownership of Vistra Corp. stock stands at 184,201 shares.
In other recent news, Vistra Corp. has announced a series of significant financial developments. The company reported Q3 earnings that met expectations with a revenue of $1.444 billion. BMO Capital Markets has maintained its Outperform rating on Vistra, with a raised stock price target. For the years 2024 to 2026, Vistra has plans for at least $3.25 billion in share repurchases and has made available $1.5 billion in incremental capital for allocation through the end of 2026.
Vistra Corp. has also launched a private offering of senior secured notes due in 2026 and 2034, intending to raise $1.25 billion. The proceeds from this offering will be allocated towards general corporate purposes, including refinancing existing debts. In addition, the company has announced an upcoming annual tax payment of $392,481 due to record holders of certain rights.
Stephen J. Muscato, the company's Executive Vice President and President of Vistra Wholesale Operations & Development, has announced his retirement effective April 1, 2025, marking a significant change in the company's executive team. Furthermore, for 2025, Vistra has projected EBITDA ranging from $5.5 billion to $6.1 billion, and free cash flow between $3.0 billion and $3.6 billion. The company also intends to allocate $700 million in capital for growth initiatives over the next two years, focusing on solar projects for major clients like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT). These are among the recent developments at Vistra Corp.
InvestingPro Insights
The recent stock transactions by Carrie Lee, Executive Vice President and Chief Administrative Officer at Vistra Corp. (NYSE:VST), align with the company's strong market performance and financial health. According to InvestingPro data, Vistra Corp. has experienced remarkable growth, with a 348.43% price total return over the past year and a 303.53% return year-to-date. This impressive performance is reflected in the stock trading near its 52-week high, with the current price at 95.64% of its peak.
Vistra's financial metrics further support its robust position. The company boasts a market capitalization of $52.44 billion and has demonstrated solid revenue growth, with a 53.89% increase in quarterly revenue as of Q3 2024. The company's profitability is also noteworthy, with a gross profit margin of 41.65% and an operating income margin of 22.04% for the last twelve months.
InvestingPro Tips highlight Vistra's shareholder-friendly practices, including raising its dividend for 6 consecutive years and management's aggressive share buyback program. These actions, combined with the company's strong financial performance, suggest a commitment to delivering value to shareholders.
For investors seeking a deeper understanding of Vistra Corp.'s potential, InvestingPro offers 13 additional tips, providing a comprehensive analysis of the company's strengths and market position. These insights can be valuable for those considering the implications of insider transactions like Lee's recent stock sales and option exercises.
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