Envestnet Asset Management Inc. Grows Stake in Vistra Corp. (NYSE:VST)

Envestnet Asset Management Inc. raised its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 29.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,629 shares of the company's stock after purchasing an additional 57,551 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of Vistra worth $30,021,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Paloma Partners Management Co raised its stake in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after purchasing an additional 81 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Vistra by 1.6% during the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after buying an additional 98 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Vistra by 1.1% during the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after buying an additional 106 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Vistra by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock worth $1,100,000 after buying an additional 125 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Vistra by 4.0% during the first quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock worth $398,000 after buying an additional 130 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

NYSE VST traded down $7.21 during mid-day trading on Wednesday, hitting $184.16. The stock had a trading volume of 6,596,931 shares, compared to its average volume of 7,161,512. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $200.25. The company has a market cap of $62.49 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.25 and a beta of 1.26. The company has a 50 day simple moving average of $173.51 and a 200 day simple moving average of $151.92. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 14.15%.

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares in the company, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the transaction, the executive vice president owned 306,600 shares in the company, valued at $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 in the last quarter. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VST has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. UBS Group boosted their price objective on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

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.