OMC Financial Services LTD Invests $3.62 Million in Vistra Corp. $VST

OMC Financial Services LTD acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,805 shares of the company’s stock, valued at approximately $3,618,000. Vistra accounts for about 1.2% of OMC Financial Services LTD’s investment portfolio, making the stock its 23rd largest position.

A number of other large investors also recently modified their holdings of VST. Nippon Life Global Investors Americas Inc. bought a new position in Vistra in the 2nd quarter worth $19,262,000. Flputnam Investment Management Co. bought a new stake in Vistra during the second quarter valued at about $1,080,000. Global Retirement Partners LLC bought a new stake in Vistra during the second quarter valued at about $1,107,000. Bank of New York Mellon Corp bought a new stake in Vistra during the second quarter valued at about $381,938,000. Finally, State of Wyoming purchased a new position in shares of Vistra in the second quarter valued at about $137,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent analyst reports. Scotiabank upped their price objective on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. decreased their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Zacks Research raised Vistra from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $228.56.

Insider Transactions at Vistra

In other news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the sale, the director directly owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares in the company, valued at $37,152,000. This represents a 9.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is owned by company insiders.

Vistra Stock Performance

Shares of NYSE VST opened at $148.33 on Monday. The company has a market cap of $49.79 billion, a P/E ratio of 25.06 and a beta of 1.41. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The firm’s fifty day moving average is $154.14 and its two-hundred day moving average is $156.55.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is 15.54%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.