OFC Financial Planning LLC Makes New Investment in Vistra Corp. $VST

OFC Financial Planning LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,150 shares of the company’s stock, valued at approximately $817,000. Vistra accounts for about 0.7% of OFC Financial Planning LLC’s investment portfolio, making the stock its 19th largest position.

Other large investors have also modified their holdings of the company. Empowered Funds LLC raised its stake in Vistra by 24.1% in the first quarter. Empowered Funds LLC now owns 20,190 shares of the company’s stock worth $2,371,000 after buying an additional 3,920 shares in the last quarter. Woodline Partners LP boosted its position in Vistra by 40.7% during the 1st quarter. Woodline Partners LP now owns 28,744 shares of the company’s stock valued at $3,376,000 after acquiring an additional 8,312 shares in the last quarter. Focus Partners Wealth boosted its position in Vistra by 37.3% during the 1st quarter. Focus Partners Wealth now owns 7,828 shares of the company’s stock valued at $920,000 after acquiring an additional 2,125 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Vistra in the 2nd quarter valued at $269,000. Finally, Slocum Gordon & Co LLP raised its position in shares of Vistra by 20.0% in the 2nd quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company’s stock worth $233,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VST shares. TD Cowen dropped their price objective on Vistra from $230.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $228.56.

Insider Activity at Vistra

In related news, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director owned 53,006 shares in the company, valued at $8,109,918. This trade represents a 0.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director owned 70,714 shares of the company’s stock, valued at $12,021,380. This trade represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is currently owned by corporate insiders.

Vistra Price Performance

Shares of VST stock opened at $140.39 on Wednesday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two 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 has a market capitalization of $47.12 billion, a price-to-earnings ratio of 23.71 and a beta of 1.41. The stock’s 50-day simple moving average is $154.02 and its 200-day simple moving average is $156.25.

Vistra (NYSE:VST) last released its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, equities analysts forecast that Vistra Corp. will post 9.23 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, September 21st. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s payout ratio is presently 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.