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

Bourgeon Capital Management LLC boosted its stake in Vistra Corp. (NYSE:VST) by 123.8% during the 4th quarter, HoldingsChannel reports. The fund owned 84,698 shares of the company’s stock after acquiring an additional 46,860 shares during the quarter. Vistra comprises 2.2% of Bourgeon Capital Management LLC’s investment 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alkeon Capital Management LLC raised its stake in shares of Vistra by 280.6% in the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after purchasing an additional 1,000,000 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Vistra by 15.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after buying an additional 930,912 shares during the period. Invesco Ltd. boosted its position in shares of Vistra by 25.2% during the second quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after buying an additional 913,350 shares during the period. Palidye Holdings Caymans Ltd bought a new position in shares of Vistra during the second quarter worth about $145,987,000. Finally, Situational Awareness LP raised its position in Vistra by 142.3% in the 2nd quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock valued at $246,948,000 after buying an additional 748,332 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and boosted their target price for the company from $191.00 to $203.00 in a research note on Tuesday, February 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a report on Monday, March 2nd. Wells Fargo & Company cut their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. increased their target price on shares of Vistra from $239.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Finally, The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $236.87.

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $18,340,906.79. This trade represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.

Vistra Trading Up 1.8%

Vistra stock opened at $150.22 on Wednesday. The stock has a 50-day simple moving average of $161.14 and a 200 day simple moving average of $174.98. The stock has a market capitalization of $50.86 billion, a P/E ratio of 69.22, a PEG ratio of 0.90 and a beta of 1.42. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82.

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). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $5.75 billion. Analysts expect that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were paid a $0.228 dividend. 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 dividend on an annualized basis and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is currently 41.94%.

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.