Envestnet Portfolio Solutions Inc. Sells 3,742 Shares of Vistra Corp. (NYSE:VST)

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,975 shares of the company's stock after selling 3,742 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Vistra were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in VST. Norges Bank acquired a new stake in Vistra during the 4th quarter worth about $409,087,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after buying an additional 2,433,732 shares during the period. Capital International Investors purchased a new position in shares of Vistra in the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. acquired a new stake in shares of Vistra during the fourth quarter valued at approximately $237,441,000. Finally, Appaloosa LP raised its holdings in shares of Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the period. Institutional investors own 90.88% of the company's stock.

Insider Activity

In related news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the transaction, the director now directly owns 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, the director now directly owns 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock valued at $47,461,490 over the last 90 days. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Up 2.2%

NYSE:VST traded up $4.14 during mid-day trading on Thursday, reaching $190.46. The stock had a trading volume of 3,673,524 shares, compared to its average volume of 7,829,732. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The stock has a market cap of $64.63 billion, a P/E ratio of 29.95, a PEG ratio of 2.27 and a beta of 1.22. The business's 50 day moving average is $154.13 and its 200 day moving average is $146.78. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.47%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. Morgan Stanley lifted their price target on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.