Alkeon Capital Management LLC Purchases 440,000 Shares of Vistra Corp. $VST

Alkeon Capital Management LLC boosted its position in shares of Vistra Corp. (NYSE:VST) by 29.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,946,357 shares of the company’s stock after purchasing an additional 440,000 shares during the period. Alkeon Capital Management LLC owned about 0.57% of Vistra worth $314,006,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Vistra during the 3rd quarter valued at about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Vistra during the 4th quarter valued at about $25,000. Triumph Capital Management bought a new position in Vistra during the 3rd quarter valued at about $38,000. Strive Asset Management LLC bought a new position in Vistra during the 3rd quarter valued at about $38,000. Finally, IFC & Insurance Marketing Inc. bought a new position in Vistra during the 4th quarter valued at about $35,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 3.7%

VST opened at $153.47 on Tuesday. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 25.71 and a beta of 1.40. The firm has a 50 day simple moving average of $153.57 and a 200 day simple moving average of $159.98. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, sell-side analysts anticipate that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. TD Cowen dropped their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research note on Monday, March 2nd. Wells Fargo & Company dropped their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $233.33.

Insider Buying and Selling at Vistra

In related news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.92% of the stock is currently owned by company 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.