Cibc World Market Inc. Sells 9,493 Shares of Vistra Corp. $VST

Cibc World Market Inc. lowered its position in shares of Vistra Corp. (NYSE:VST) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,092 shares of the company’s stock after selling 9,493 shares during the quarter. Cibc World Market Inc.’s holdings in Vistra were worth $6,677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra in the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra during the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra during the 4th quarter valued at about $30,000. Strive Financial Group LLC bought a new stake in Vistra during the fourth quarter worth about $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in Vistra in the fourth quarter worth about $35,000. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,588 shares of company stock valued at $5,914,427 in the last quarter. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VST shares. The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research note on Wednesday, August 12th. Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Morgan Stanley raised their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. dropped their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and an average price target of $223.53.

Vistra Stock Up 2.5%

NYSE:VST opened at $139.09 on Wednesday. The firm has a market cap of $46.68 billion, a P/E ratio of 23.50 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The firm has a 50-day simple moving average of $152.99 and a two-hundred day simple moving average of $155.70.

Vistra (NYSE:VST) last issued its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Analysts predict that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 21st. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

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.