Envestnet Asset Management Inc. Boosts Position in Vistra Corp. $VST

Envestnet Asset Management Inc. raised its stake in Vistra Corp. (NYSE:VST) by 49.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,497 shares of the company’s stock after buying an additional 122,545 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Vistra worth $72,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC purchased a new position in Vistra during the 3rd quarter worth $25,000. Quent Capital LLC bought a new position in shares of Vistra during the 3rd quarter worth $25,000. Archer Investment Corp increased its stake in shares of Vistra by 2,700.0% during the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Vistra during the second quarter valued at $28,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Vistra in the second quarter valued at about $29,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of VST stock opened at $149.53 on Monday. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The business’s fifty day simple moving average is $163.49 and its 200-day simple moving average is $184.18. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The company has a market cap of $50.67 billion, a PE ratio of 53.98, a PEG ratio of 0.89 and a beta of 1.41.

Vistra (NYSE:VST) last announced its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The business had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the sale, the chief executive officer owned 297,998 shares in the company, valued at approximately $48,290,575.90. The trade was a 6.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $174.75, for a total transaction of $10,183,556.25. Following the completion of the sale, the executive vice president owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This trade represents a 21.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 166,680 shares of company stock worth $28,761,790 over the last ninety days. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VST shares. BMO Capital Markets raised their target price on shares of Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Wells Fargo & Company dropped their price objective on shares of Vistra from $238.00 to $236.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Evercore lifted their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Vistra currently has an average rating of “Buy” and a consensus price target of $239.33.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.