OFC Financial Planning LLC Takes $817,000 Position in Vistra Corp. $VST

OFC Financial Planning LLC acquired a new position in Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,150 shares of the company’s stock, valued at approximately $817,000. Vistra accounts for 0.7% of OFC Financial Planning LLC’s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Vistra during the 2nd quarter worth about $4,610,496,000. Norges Bank acquired a new position in shares of Vistra in the 4th quarter valued at about $746,729,000. Capital World Investors purchased a new stake in shares of Vistra in the fourth quarter worth about $574,499,000. Bank of New York Mellon Corp purchased a new stake in shares of Vistra in the second quarter worth about $381,938,000. Finally, Rubric Capital Management LP acquired a new stake in Vistra during the fourth quarter worth about $322,660,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 3.9%

Vistra stock opened at $140.39 on Wednesday. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a market capitalization of $47.12 billion, a PE ratio of 23.71 and a beta of 1.41. The business has a 50 day simple moving average of $154.02 and a 200-day simple moving average of $156.25. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.7%. Vistra’s payout ratio is 15.54%.

Analysts Set New Price Targets

Several research analysts recently weighed in on VST shares. Zacks Research upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Morgan Stanley raised their price objective on shares of Vistra from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. Finally, UBS Group decreased their target price on shares of Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $228.56.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,588 shares of company stock worth $6,739,227 in the last ninety days. 0.92% of the stock is owned by company insiders.

About Vistra

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.