Envestnet Portfolio Solutions Inc. Sells 164 Shares of Vistra Corp. $VST

Envestnet Portfolio Solutions Inc. cut its stake in Vistra Corp. (NYSE:VST) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,811 shares of the company’s stock after selling 164 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vistra were worth $1,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Red Mountain Financial LLC increased its stake in shares of Vistra by 3.1% in the 2nd quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after acquiring an additional 74 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Vistra by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock valued at $490,000 after acquiring an additional 75 shares during the last quarter. Global Financial Private Client LLC increased its stake in shares of Vistra by 4.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,695 shares of the company’s stock valued at $329,000 after acquiring an additional 76 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Vistra by 48.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock valued at $46,000 after acquiring an additional 78 shares during the last quarter. Finally, Fairvoy Private Wealth LLC increased its stake in shares of Vistra by 1.4% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 5,718 shares of the company’s stock valued at $1,108,000 after acquiring an additional 79 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on VST shares. Morgan Stanley increased their target price on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. TD Cowen started coverage on Vistra in a research note on Thursday. They set a “buy” rating and a $250.00 target price for the company. Melius started coverage on Vistra in a research note on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price for the company. Scotiabank started coverage on Vistra in a research note on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 target price for the company. Finally, Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $229.31.

Vistra Trading Down 4.2%

NYSE:VST opened at $201.53 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The business has a 50 day moving average price of $200.58 and a two-hundred day moving average price of $175.84. The company has a market cap of $68.28 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.226 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra’s payout ratio is currently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 590,228 shares of company stock worth $121,653,740. Corporate insiders own 1.42% of the company’s stock.

About Vistra

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.