Modus Advisors LLC Boosts Position in Vistra Corp. (NYSE:VST)

Modus Advisors LLC increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,182 shares of the company's stock after purchasing an additional 2,044 shares during the period. Modus Advisors LLC's holdings in Vistra were worth $2,488,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares during the last quarter. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new stake in Vistra during the fourth quarter worth $28,000. Tucker Asset Management LLC purchased a new stake in Vistra in the fourth quarter valued at $28,000. Finally, Cherry Tree Wealth Management LLC lifted its stake in shares of Vistra by 2,030.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after purchasing an additional 203 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating and set a $178.00 price objective (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and an average target price of $169.08.

Vistra Stock Up 0.4%

NYSE VST traded up $0.61 during trading hours on Friday, hitting $160.34. 5,295,934 shares of the company were exchanged, compared to its average volume of 7,505,221. The company has a 50 day moving average of $131.61 and a two-hundred day moving average of $144.10. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $54.41 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.56%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now directly owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,136 shares of company stock valued at $37,529,690 over the last 90 days. 1.42% of the stock is owned by corporate 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.