Modus Advisors LLC Has $4.35 Million Stock Holdings in Vistra Corp. $VST

Key Points

• Modus Advisors LLC increased its stake in Vistra Corp. by 5.9% during Q2, holding 22,422 shares valued at approximately $4.35 million.
• Vistra recently announced a quarterly dividend of $0.226 per share, boosted from the previous $0.23, indicating a positive outlook on shareholder returns.
• Vistra Corp. reported EPS of $1.01 for the last quarter, missing estimates, and has a market cap of $71.04 billion with a current consensus rating of "Moderate Buy" from analysts.

Modus Advisors LLC grew its position in Vistra Corp. (NYSE:VST - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,422 shares of the company's stock after purchasing an additional 1,240 shares during the period. Vistra comprises about 1.3% of Modus Advisors LLC's portfolio, making the stock its 29th largest position. Modus Advisors LLC's holdings in Vistra were worth $4,346,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of Vistra by 1.9% during the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after acquiring an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Vistra during the first quarter worth $341,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Vistra during the first quarter worth $432,000. Envestnet Asset Management Inc. increased its position in shares of Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after acquiring an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST opened at $209.67 on Friday. The firm has a 50-day moving average of $196.55 and a 200-day moving average of $161.67. Vistra Corp. has a one year low of $81.12 and a one year high of $216.85. The company has a market cap of $71.04 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. As a group, equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is 14.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VST shares. Melius started coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the company an "overweight" rating in a research report on Thursday, August 21st. Melius Research raised shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group raised their target price on shares of Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Insider Activity

In other news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company's stock.

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.

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