Scott B. Helm, a director at Vistra Corp. (NYSE:VST), recently sold 20,000 shares of the company's common stock. The shares were sold on December 10 at prices ranging from $139.70 to $139.95, with a weighted-average price of $139.769, totaling approximately $2.8 million. The sale comes amid an impressive year for Vistra, with the stock delivering a remarkable 270% return year-to-date. According to InvestingPro analysis, the company's shares are currently trading near their Fair Value. Following this transaction, Helm holds 343,350 shares of Vistra Corp.
This sale follows a previous transaction on December 9, where Helm disposed of 20,000 shares at no cost, as part of a different transaction type. The current stock holdings reflect Helm's direct ownership in the company.
In other recent news, Vistra Corp has reported a robust Q3, with earnings meeting expectations at a revenue of $1.444 billion. The company has raised its EBITDA guidance for 2024 to between $5.0 billion and $5.2 billion. BMO (TSX:BMO) Capital Markets has maintained an Outperform rating on Vistra, indicating positive expectations. Furthermore, Vistra Corp has successfully completed a private offering of senior secured notes, raising $1.25 billion. This move is intended for general corporate purposes, including refinancing existing debts.
In the midst of these developments, Vistra Corp announced that its Executive Vice President, Stephen J. Muscato, will retire in 2025. His duties are set to be distributed among the current leadership team. Looking ahead, Vistra has projected EBITDA ranging from $5.5 billion to $6.1 billion for 2025, and free cash flow between $3.0 billion and $3.6 billion. The company also plans 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 the recent developments at Vistra Corp.
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