OFC Financial Planning LLC Acquires New Position in Vistra Corp. (NYSE:VST)

OFC Financial Planning LLC bought a new stake in Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,150 shares of the company’s stock, valued at approximately $710,000.

Several other large investors have also modified their holdings of the business. Avior Wealth Management LLC raised its holdings in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Founders Capital Management purchased a new stake in Vistra during the fourth quarter worth approximately $28,000. West Branch Capital LLC acquired a new stake in Vistra in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vistra in the third quarter valued at about $30,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Vistra in the third quarter valued at approximately $30,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of NYSE VST opened at $168.08 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $57.18 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.21. The business’s 50-day moving average price is $156.24 and its two-hundred day moving average price is $122.39. Vistra Corp. has a one year low of $40.78 and a one year high of $199.84.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $5.25 EPS for the quarter, beating the consensus estimate of $1.24 by $4.01. The company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. Vistra had a return on equity of 57.63% and a net margin of 12.51%. During the same quarter last year, the company posted $1.25 earnings per share. Analysts anticipate that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra announced that its board has approved a share buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last 90 days. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Morgan Stanley upped their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets lifted their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Bank of America began coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective for the company. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.64.

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.