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

Alkeon Capital Management LLC grew its position in Vistra Corp. (NYSE:VST) by 29.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,946,357 shares of the company’s stock after purchasing an additional 440,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in Vistra were worth $314,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Vistra during the third quarter worth $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra during the fourth quarter worth $25,000. Triumph Capital Management bought a new position in shares of Vistra during the third quarter worth $38,000. Strive Asset Management LLC bought a new position in shares of Vistra during the third quarter worth $38,000. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of Vistra during the fourth quarter worth $35,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VST shares. Morgan Stanley reissued an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Thursday, May 21st. Raymond James Financial set a $208.00 price target on shares of Vistra in a research report on Monday, April 27th. BMO Capital Markets reissued an “outperform” rating and set a $241.00 price target on shares of Vistra in a research report on Monday, March 2nd. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Seaport Research Partners reissued a “buy” rating and set a $230.00 price target on shares of Vistra in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Vistra has a consensus rating of “Buy” and an average target price of $233.33.

Insider Transactions at Vistra

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction 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 sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $153.47 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The firm’s fifty day moving average price is $153.57 and its two-hundred day moving average price is $159.98. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The firm has a market capitalization of $51.75 billion, a P/E ratio of 25.71 and a beta of 1.40.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. This represents a $0.92 annualized dividend and a yield of 0.6%. This is an increase 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 currently 15.24%.

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.