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

Cibc World Markets Corp grew its stake in Vistra Corp. (NYSE:VST) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,330 shares of the company’s stock after buying an additional 8,514 shares during the quarter. Cibc World Markets Corp’s holdings in Vistra were worth $7,628,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VST. Avior Wealth Management LLC lifted its holdings in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Founders Capital Management purchased a new stake in Vistra during the fourth quarter worth $28,000. West Branch Capital LLC acquired a new stake in Vistra during the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated 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 in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 1.4 %

VST stock opened at $124.54 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a 50-day moving average of $153.67 and a two-hundred day moving average of $137.99. Vistra Corp. has a 12 month low of $62.12 and a 12 month high of $199.84. The company has a market cap of $42.36 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. UBS Group upped their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra 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.