Envestnet Asset Management Inc. Acquires 57,551 Shares of Vistra Corp. (NYSE:VST)

Envestnet Asset Management Inc. grew its holdings in Vistra Corp. (NYSE:VST) by 29.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,629 shares of the company’s stock after buying an additional 57,551 shares during the period. Envestnet Asset Management Inc. owned 0.08% of Vistra worth $30,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. HM Payson & Co. raised its holdings in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of Vistra in the fourth quarter worth $28,000. Ameriflex Group Inc. acquired a new position in Vistra in the fourth quarter valued at about $32,000. Whittier Trust Co. lifted its position in Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $40,000 after purchasing an additional 274 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Vistra during the first quarter worth about $46,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Down 0.9%

Shares of Vistra stock opened at $194.86 on Tuesday. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $200.25. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The company’s fifty day simple moving average is $170.58 and its two-hundred day simple moving average is $151.03. The company has a market cap of $66.12 billion, a P/E ratio of 30.64, a PEG ratio of 2.31 and a beta of 1.26.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a $0.225 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. Vistra’s dividend payout ratio is currently 14.15%.

Insider Activity at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the transaction, the executive vice president owned 218,239 shares of the company’s stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 in the last three months. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 target price on the stock. The Goldman Sachs Group upped their price objective on Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 target price on Vistra and gave the company an “outperform” rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Morgan Stanley increased their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.92.

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.