Modus Advisors LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Modus Advisors LLC acquired a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,138 shares of the company’s stock, valued at approximately $2,639,000.

A number of other institutional investors have also recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Vistra in the third quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra in the third quarter worth $30,000. CVA Family Office LLC raised its stake in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Vistra in the 3rd quarter valued at about $36,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in Vistra in the second quarter valued at about $26,000. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the company’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 completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 342,100 shares of company stock worth $55,087,314 in the last 90 days. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

Vistra stock traded up $7.69 during midday trading on Friday, reaching $157.35. The stock had a trading volume of 2,941,375 shares, compared to its average volume of 4,051,842. The firm has a market capitalization of $53.53 billion, a PE ratio of 29.36, a P/E/G ratio of 1.86 and a beta of 1.16. Vistra Corp. has a 12 month low of $38.08 and a 12 month high of $168.67. 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’s 50-day moving average price is $143.14 and its 200 day moving average price is $110.77.

Vistra declared that its board has initiated a stock buyback plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were paid a dividend of $0.221 per share. This represents a $0.88 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 was Friday, December 20th. Vistra’s payout ratio is presently 16.42%.

Analyst Ratings Changes

Several research firms have commented on VST. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Jefferies Financial Group upped their target price on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada lifted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley increased their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vistra currently has an average rating of “Buy” and a consensus target price of $151.50.

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.