Vistra Corp. (NYSE:VST) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in Vistra Corp. (NYSE:VST) by 18.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,330 shares of the company’s stock after acquiring an additional 8,514 shares during the quarter. Cibc World Markets Corp’s holdings in Vistra were worth $7,628,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GWN Securities Inc. acquired a new position in Vistra during the fourth quarter worth $322,000. Sovereign Investment Advisors LLC acquired a new position in Vistra during the 4th quarter worth about $325,000. Harbour Investments Inc. boosted its holdings in Vistra by 25.9% during the 4th quarter. Harbour Investments Inc. now owns 1,209 shares of the company’s stock valued at $167,000 after acquiring an additional 249 shares during the period. Corient Private Wealth LLC grew its position in Vistra by 6.0% in the 4th quarter. Corient Private Wealth LLC now owns 136,330 shares of the company’s stock valued at $18,796,000 after acquiring an additional 7,772 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Vistra by 94.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,717 shares of the company’s stock worth $1,478,000 after purchasing an additional 5,216 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VST. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Finally, BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by company insiders.

Vistra Stock Performance

Shares of VST opened at $124.54 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52-week low of $62.12 and a 52-week high of $199.84. The stock has a 50 day moving average price of $153.67 and a 200 day moving average price of $137.99. The company has a market capitalization of $42.36 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is 12.62%.

About Vistra

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.