Vistra Corp. (NYSE:VST) Shares Sold by Alkeon Capital Management LLC

Alkeon Capital Management LLC trimmed its holdings in Vistra Corp. (NYSE:VST) by 49.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,221,890 shares of the company’s stock after selling 2,193,110 shares during the quarter. Alkeon Capital Management LLC’s holdings in Vistra were worth $263,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VST. Redwood Wealth Management Group LLC purchased a new position in Vistra during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC grew its holdings in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after purchasing an additional 256 shares during the period. EdgeRock Capital LLC acquired a new stake in Vistra during the second quarter worth about $34,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in Vistra during the third quarter worth about $36,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VST. Jefferies Financial Group raised their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. JPMorgan Chase & Co. began coverage on Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price target on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $149.10.

Vistra Stock Down 5.0 %

Shares of NYSE:VST opened at $154.52 on Friday. The firm has a market capitalization of $52.57 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 1 year low of $34.88 and a 1 year high of $168.67. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s 50-day moving average is $131.23 and its two-hundred day moving average is $101.40.

Vistra announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is presently 16.42%.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.