Envestnet Asset Management Inc. Has $27.31 Million Position in Vistra Corp. (NYSE:VST)

Envestnet Asset Management Inc. grew its stake in Vistra Corp. (NYSE:VST) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,078 shares of the company’s stock after buying an additional 44,161 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Vistra worth $27,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Lionsbridge Wealth Management LLC acquired a new stake in Vistra during the 4th quarter valued at approximately $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra during the fourth quarter worth $231,000. Retirement Systems of Alabama raised its stake in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares during the last quarter. Legal Advantage Investments Inc. acquired a new position in Vistra in the fourth quarter valued at $565,000. Finally, Viking Fund Management LLC boosted its position in Vistra by 90.0% during the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock valued at $2,620,000 after acquiring an additional 9,000 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

Shares of VST opened at $111.72 on Friday. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a 50 day moving average price of $133.17 and a two-hundred day moving average price of $141.35. The firm has a market capitalization of $38.00 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s dividend payout ratio is presently 12.62%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VST. UBS Group lowered their price objective on Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research report on Friday. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group began coverage on shares of Vistra in a report on Friday, April 4th. They issued a “neutral” rating and a $134.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.69.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

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.