OMC Financial Services LTD Takes $2.68 Million Position in Vistra Corp. (NYSE:VST)

OMC Financial Services LTD acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,785 shares of the company's stock, valued at approximately $2,676,000. Vistra accounts for approximately 1.2% of OMC Financial Services LTD's holdings, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. HM Payson & Co. increased its stake in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Tucker Asset Management LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. bought a new stake in Vistra during the 4th quarter valued at $32,000. Whittier Trust Co. raised its holdings in Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after buying an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Vistra during the 1st quarter valued at $46,000. 90.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the transaction, the executive vice president owned 218,239 shares in the company, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Helm sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the transaction, the director owned 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 in the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VST shares. Morgan Stanley upped their price target on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. The Goldman Sachs Group upped their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. UBS Group upped their price objective on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra Stock Down 0.2%

Vistra stock traded down $0.49 during trading hours on Thursday, reaching $196.52. The stock had a trading volume of 2,633,173 shares, compared to its average volume of 7,633,521. The company has a market cap of $66.69 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The business's 50 day moving average price is $168.27 and its 200-day moving average price is $150.19. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $200.25.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 14.15%.

Vistra Profile

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.