Vistra Corp. $VST Shares Acquired by Alkeon Capital Management LLC

Alkeon Capital Management LLC boosted its holdings in Vistra Corp. (NYSE:VST) by 11.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,506,357 shares of the company’s stock after acquiring an additional 150,000 shares during the period. Alkeon Capital Management LLC owned 0.44% of Vistra worth $295,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new stake in Vistra in the third quarter valued at $25,000. Quent Capital LLC acquired a new stake in shares of Vistra during the 3rd quarter worth about $25,000. Archer Investment Corp raised its holdings in Vistra by 2,700.0% in the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Vistra in the second quarter valued at about $28,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Vistra during the third quarter worth about $28,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Trading Down 0.3%

NYSE VST opened at $159.09 on Friday. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The firm has a 50 day moving average of $163.48 and a two-hundred day moving average of $178.34. 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 stock has a market capitalization of $53.90 billion, a PE ratio of 73.31, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a dividend of $0.228 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio is 41.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VST shares. Morgan Stanley restated an “overweight” rating and issued a $215.00 price objective on shares of Vistra in a report on Friday, February 20th. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and upped their price target for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Scotiabank lifted their price objective on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Bank of America cut their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Vistra has an average rating of “Buy” and a consensus price target of $236.40.

Insiders Place Their Bets

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 transaction of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares in the company, valued at $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently owned by insiders.

About Vistra

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.