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

OMC Financial Services LTD acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent 13F 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 1.2% of OMC Financial Services LTD's investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co raised its holdings in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after buying an additional 81 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after buying an additional 98 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after buying an additional 106 shares during the period. EP Wealth Advisors LLC grew its stake in Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock worth $1,100,000 after purchasing an additional 125 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in Vistra by 4.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock worth $398,000 after purchasing an additional 130 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Down 0.5%

NYSE VST traded down $1.01 during midday trading on Thursday, hitting $196.00. 4,357,943 shares of the company traded hands, compared to its average volume of 7,176,394. 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 company has a market cap of $66.51 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. The company's 50-day simple moving average is $169.44 and its 200-day simple moving average is $150.57. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $200.25.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. UBS Group raised their price objective on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group raised their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction 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 sale, the director owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president directly owned 88,073 shares of the company's stock, valued at $14,218,505.12. The trade was a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by company insiders.

Vistra Company 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.