Envestnet Portfolio Solutions Inc. Increases Stock Position in Vistra Corp. (NYSE:VST)

Envestnet Portfolio Solutions Inc. increased its stake in shares of Vistra Corp. (NYSE:VST) by 94.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,717 shares of the company’s stock after purchasing an additional 5,216 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vistra were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Choate Investment Advisors grew its position in Vistra by 4.1% in the 4th quarter. Choate Investment Advisors now owns 6,002 shares of the company’s stock worth $828,000 after purchasing an additional 236 shares during the period. Natixis Advisors LLC boosted its stake in shares of Vistra by 25.7% in the 4th quarter. Natixis Advisors LLC now owns 129,317 shares of the company’s stock worth $17,829,000 after buying an additional 26,464 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of Vistra in the fourth quarter worth $524,000. Campbell Capital Management Inc. increased its position in Vistra by 10.8% during the fourth quarter. Campbell Capital Management Inc. now owns 71,603 shares of the company’s stock valued at $9,872,000 after acquiring an additional 7,001 shares during the last quarter. Finally, First National Trust Co bought a new position in Vistra in the fourth quarter valued at about $821,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $130.75 on Friday. The business’s 50-day moving average is $151.74 and its 200 day moving average is $138.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a market capitalization of $44.47 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.68%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio is 12.62%.

Analyst Ratings Changes

VST has been the topic of a number of research reports. Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

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.