Envestnet Asset Management Inc. Increases Stock Position in Vistra Corp. (NYSE:VST)

Envestnet Asset Management Inc. boosted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 198,078 shares of the company's stock after acquiring an additional 44,161 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Vistra worth $27,309,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its stake in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Founders Capital Management purchased a new position in shares of Vistra during the 4th quarter worth $28,000. West Branch Capital LLC bought a new stake in shares of Vistra during the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra in the 4th quarter worth $28,000. Institutional investors own 90.88% of the company's stock.

Vistra Trading Up 2.1 %

NYSE VST traded up $2.41 on Tuesday, hitting $115.10. 2,595,304 shares of the stock were exchanged, compared to its average volume of 7,873,169. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The firm has a market capitalization of $39.15 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.12 and a beta of 1.21. 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 fifty day moving average price of $132.00 and a two-hundred day moving average price of $141.50.

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Vistra Increases Dividend

The company also recently disclosed 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 0.78%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio is 12.62%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. 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. Evercore ISI initiated 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. Finally, The Goldman Sachs Group initiated coverage on shares of Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $159.69.

Insiders Place Their Bets

In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade 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 available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company's stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

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.