Envestnet Asset Management Inc. Boosts Stock Holdings in Vistra Corp. (NYSE:VST)

Envestnet Asset Management Inc. boosted its position in Vistra Corp. (NYSE:VST) by 28.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,078 shares of the company’s stock after buying an additional 44,161 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Vistra were worth $27,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in Vistra in the 3rd quarter valued at about $631,000. Orion Portfolio Solutions LLC increased its stake in shares of Vistra by 56.5% in the third quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company’s stock worth $601,000 after purchasing an additional 1,829 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Vistra in the third quarter valued at approximately $1,466,000. Fulcrum Equity Management lifted its stake in shares of Vistra by 2.8% during the 3rd quarter. Fulcrum Equity Management now owns 13,549 shares of the company’s stock valued at $1,606,000 after buying an additional 364 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in Vistra in the 3rd quarter worth approximately $208,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VST shares. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $159.69.

Vistra Stock Up 2.3 %

VST opened at $111.72 on Friday. 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 business’s fifty day simple moving average is $133.17 and its 200 day simple moving average is $141.35. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The stock has a market cap of $38.00 billion, a PE ratio of 20.84, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Buying and Selling

In related news, 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 transaction of $2,997,449.84. Following the transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently 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.