OFC Financial Planning LLC Buys New Shares in Vistra Corp. (NYSE:VST)

OFC Financial Planning LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,150 shares of the company's stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Avior Wealth Management LLC boosted its position in Vistra by 56.5% during 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 in the last quarter. Founders Capital Management purchased a new stake in Vistra during the 4th quarter valued at $28,000. West Branch Capital LLC bought a new position in Vistra during the 4th quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC bought a new position in Vistra during the third quarter valued at approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra in the third quarter worth $30,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VST. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Bank of America initiated coverage on Vistra in a research note on Monday, January 27th. They set a "neutral" rating and a $206.00 target price on the stock. UBS Group lifted their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

Vistra Stock Performance

VST opened at $168.08 on Friday. The firm has a fifty day moving average price of $156.24 and a 200 day moving average price of $122.39. The stock has a market cap of $57.18 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.05 and a beta of 1.21. Vistra Corp. has a 1 year low of $40.78 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $5.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $4.01. Vistra had a net margin of 12.51% and a return on equity of 57.63%. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period last year, the company posted $1.25 EPS. Equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last three months. 1.42% of the stock is owned by corporate insiders.

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.

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