Vistra Corp. $VST Stock Position Boosted by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Vistra stake by 16.1% in the second quarter to 258,337 shares valued at approximately $41.0 million. Institutional investors and hedge funds collectively own 90.88% of Vistra.
• Analysts maintain a generally positive view of Vistra, with a consensus rating of “Moderate Buy” and an average price target of $221.88, despite the company missing quarterly earnings and revenue estimates.
• Vistra raised its quarterly dividend to $0.23 per share, or $0.92 annually, representing a 0.7% yield. The stock opened at $138.47, well below its 52-week high of $217.10.

Envestnet Asset Management Inc. increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 16.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 258,337 shares of the company's stock after buying an additional 35,862 shares during the quarter. Envestnet Asset Management Inc. owned about 0.08% of Vistra worth $40,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Vistra during the second quarter worth approximately $4,610,496,000. State Street Corp grew its stake in shares of Vistra by 0.5% during the 2nd quarter. State Street Corp now owns 16,850,452 shares of the company's stock valued at $2,672,987,000 after buying an additional 79,972 shares during the period. Norges Bank purchased a new stake in shares of Vistra during the 4th quarter valued at $746,729,000. Capital World Investors acquired a new stake in shares of Vistra during the 4th quarter worth $574,499,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Vistra by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company's stock worth $516,616,000 after buying an additional 32,982 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other news, CEO James A. Burke acquired 4,465 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $135.25 per share, for a total transaction of $603,891.25. Following the completion of the purchase, the chief executive officer directly owned 1,146,352 shares of the company's stock, valued at approximately $155,044,108. This trade represents a 0.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Hudson sold 44,444 shares of Vistra stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the sale, the executive vice president owned 331,137 shares in the company, valued at $50,273,219.34. This represents a 11.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VST. BNP Paribas Exane set a $255.00 target price on Vistra in a research report on Wednesday, August 19th. Weiss Ratings downgraded Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Seaport Research Partners restated a "buy" rating and set a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Wells Fargo & Company restated an "overweight" rating and issued a $212.00 price objective on shares of Vistra in a report on Monday, August 10th. Finally, Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an "outperform" rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $221.88.

Vistra Stock Performance

Shares of VST stock opened at $138.47 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company has a market cap of $46.47 billion, a PE ratio of 23.39 and a beta of 1.40. The company's fifty day simple moving average is $145.47 and its 200-day simple moving average is $152.00. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $217.10.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, equities research analysts anticipate that Vistra Corp. will post 9.04 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.7%. This is a positive change from Vistra's previous quarterly dividend of $0.2290. The ex-dividend date of this dividend is Monday, September 21st. Vistra's dividend payout ratio is 15.54%.

About Vistra

Vistra Corp. is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation and retail energy businesses, serving residential, commercial, industrial and wholesale customers primarily across the United States.

Vistra's generation portfolio includes natural gas, nuclear, coal, solar and battery energy storage facilities. Through its retail operations, the company provides electricity, natural gas and renewable energy plans under brands that include TXU Energy, Dynegy, Homefield Energy and Ambit Energy.

The company was established in 2016 following the separation of Energy Future Holdings' competitive energy businesses.

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