OMC Financial Services LTD Boosts Stake in Vistra Corp. $VST

OMC Financial Services LTD grew its stake in shares of Vistra Corp. (NYSE:VST) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,035 shares of the company’s stock after buying an additional 250 shares during the period. Vistra accounts for 1.8% of OMC Financial Services LTD’s portfolio, making the stock its 15th largest position. OMC Financial Services LTD’s holdings in Vistra were worth $4,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in VST. Nuveen LLC purchased a new stake in shares of Vistra during the 1st quarter valued at $209,149,000. Assenagon Asset Management S.A. raised its position in Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock worth $167,755,000 after purchasing an additional 830,111 shares during the period. Fred Alger Management LLC raised its position in Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock worth $114,309,000 after purchasing an additional 492,765 shares during the period. 140 Summer Partners LP purchased a new position in Vistra in the 1st quarter worth $56,876,000. Finally, Hsbc Holdings PLC raised its position in Vistra by 52.2% in the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock worth $109,761,000 after purchasing an additional 323,264 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 21,371 shares of Vistra stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $204.57, for a total transaction of $4,371,865.47. Following the sale, the chief executive officer owned 287,859 shares of the company’s stock, valued at approximately $58,887,315.63. The trade was a 6.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 632,966 shares of company stock worth $130,462,677. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 4.1%

Shares of VST opened at $186.29 on Wednesday. The firm’s 50-day moving average price is $200.00 and its 200-day moving average price is $177.06. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.76 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 14.35%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Daiwa America upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b)” rating on shares of Vistra in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. BMO Capital Markets boosted their price objective on shares of Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Finally, Melius assumed coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $229.31.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.