Envestnet Portfolio Solutions Inc. Acquires 5,216 Shares of Vistra Corp. (NYSE:VST)

Envestnet Portfolio Solutions Inc. grew its stake in shares of Vistra Corp. (NYSE:VST) by 94.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,717 shares of the company’s stock after buying an additional 5,216 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vistra were worth $1,478,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC increased its stake in Vistra by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after purchasing an additional 81 shares during the period. Caprock Group LLC purchased a new position in shares of Vistra in the third quarter worth $288,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Vistra during the 3rd quarter valued at $787,000. PNC Financial Services Group Inc. raised its holdings in Vistra by 90.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,291 shares of the company’s stock valued at $2,524,000 after buying an additional 10,124 shares during the last quarter. Finally, Commerce Bank boosted its position in Vistra by 39.3% during the 3rd quarter. Commerce Bank now owns 9,472 shares of the company’s stock valued at $1,123,000 after buying an additional 2,670 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’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 sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra Trading Down 0.9 %

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is currently 12.62%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VST shares. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.83.

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.