Envestnet Asset Management Inc. Sells 5,176 Shares of Vistra Corp. (NYSE:VST)

Envestnet Asset Management Inc. decreased its position in Vistra Corp. (NYSE:VST) by 2.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 173,414 shares of the company’s stock after selling 5,176 shares during the period. Envestnet Asset Management Inc.’s holdings in Vistra were worth $14,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in VST. Castle Hook Partners LP grew its holdings in shares of Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after purchasing an additional 3,108,511 shares during the last quarter. TD Asset Management Inc lifted its stake in Vistra by 9,668.5% in the first quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after acquiring an additional 2,910,015 shares during the period. Electron Capital Partners LLC lifted its stake in Vistra by 468.2% in the fourth quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock worth $82,006,000 after acquiring an additional 1,754,223 shares during the period. Third Point LLC lifted its stake in Vistra by 27.6% in the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock worth $177,192,000 after acquiring an additional 995,748 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its stake in Vistra by 100.5% in the first quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company’s stock worth $119,798,000 after acquiring an additional 862,000 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of Vistra stock opened at $112.43 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $39.06 billion, a P/E ratio of 68.98 and a beta of 1.08. The business has a fifty day simple moving average of $81.19 and a two-hundred day simple moving average of $81.57. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $115.57.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts forecast that Vistra Corp. will post 4.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.2195 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets raised their price target on Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley raised their price target on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $110.83.

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.