Bourgeon Capital Management LLC Has $13.66 Million Position in Vistra Corp. $VST

Bourgeon Capital Management LLC grew its holdings in Vistra Corp. (NYSE:VST) by 123.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,698 shares of the company’s stock after buying an additional 46,860 shares during the quarter. Vistra makes up 2.2% of Bourgeon Capital Management LLC’s portfolio, making the stock its 19th largest position. Bourgeon Capital Management LLC’s holdings in Vistra were worth $13,664,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vistra during the third quarter valued at $1,445,000. CIBC Bancorp USA Inc. bought a new position in Vistra in the third quarter valued at about $8,755,000. Teamwork Financial Advisors LLC increased its position in Vistra by 39.9% in the fourth quarter. Teamwork Financial Advisors LLC now owns 78,855 shares of the company’s stock worth $12,722,000 after purchasing an additional 22,492 shares during the period. Fisher Funds Management LTD acquired a new stake in Vistra in the third quarter worth about $1,241,000. Finally, Envestnet Asset Management Inc. raised its holdings in Vistra by 49.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 371,497 shares of the company’s stock worth $72,784,000 after purchasing an additional 122,545 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

VST opened at $150.22 on Wednesday. The stock has a market cap of $50.86 billion, a P/E ratio of 69.22, a P/E/G ratio of 0.90 and a beta of 1.42. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The company has a fifty day simple moving average of $161.14 and a 200 day simple moving average of $174.98.

Vistra (NYSE:VST) last posted its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.27). Vistra had a return on equity of 81.09% and a net margin of 5.32%.The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $5.75 billion. On average, research analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were issued a dividend of $0.228 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 20th. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is presently 41.94%.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the transaction, the executive vice president directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Vistra from $239.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Morgan Stanley reissued an “overweight” rating and set a $215.00 price target on shares of Vistra in a research note on Friday, February 20th. Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and raised their price objective for the company from $191.00 to $203.00 in a research note on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $236.87.

Vistra Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.