CIBC Asset Management Inc Has $12.27 Million Holdings in Vistra Corp. $VST

CIBC Asset Management Inc grew its holdings in shares of Vistra Corp. (NYSE:VST) by 60.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 76,040 shares of the company’s stock after acquiring an additional 28,569 shares during the quarter. CIBC Asset Management Inc’s holdings in Vistra were worth $12,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Vistra in the 4th quarter valued at approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Vistra in the 3rd quarter valued at approximately $28,000. Salomon & Ludwin LLC lifted its stake in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 92 shares during the last quarter. Strive Asset Management LLC bought a new position in Vistra in the 3rd quarter valued at approximately $38,000. Finally, Triumph Capital Management bought a new position in Vistra in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the completion of the transaction, the executive vice president directly owned 114,409 shares in the company, valued at $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,600 shares of company stock valued at $3,163,900 over the last quarter. Corporate insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several research reports. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price target on shares of Vistra in a research note on Thursday, May 21st. Wells Fargo & Company dropped their price target 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. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $233.33.

Vistra Stock Down 3.2%

Shares of NYSE VST opened at $148.72 on Friday. The stock has a market capitalization of $50.15 billion, a P/E ratio of 24.91 and a beta of 1.40. The company has a 50-day moving average price of $154.21 and a 200-day moving average price of $161.22. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, equities research analysts forecast that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

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

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.