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

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

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VST shares. The Goldman Sachs Group upped their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Raymond James Financial initiated coverage on Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Finally, UBS Group boosted their price target on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $176.92.

Vistra Stock Up 3.5%

Shares of VST traded up $6.66 during trading hours on Wednesday, reaching $196.84. The stock had a trading volume of 6,926,915 shares, compared to its average volume of 7,173,362. The firm has a 50-day simple moving average of $166.92 and a 200 day simple moving average of $149.86. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $200.10. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The company has a market capitalization of $66.79 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.28 and a beta of 1.26.

Vistra Increases Dividend

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

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the transaction, the executive vice president owned 88,073 shares in the company, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the transaction, the executive vice president owned 306,600 shares in the company, valued at approximately $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by insiders.

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.