CIBC Asset Management Inc Grows Holdings in Vistra Corp. (NYSE:VST)

CIBC Asset Management Inc increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,359 shares of the company's stock after purchasing an additional 1,979 shares during the quarter. CIBC Asset Management Inc's holdings in Vistra were worth $7,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of VST. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. State Street Corp lifted its holdings in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after buying an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Rubric Capital Management LP boosted its position in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after purchasing an additional 797,894 shares in the last quarter. Finally, Castle Hook Partners LP grew its stake in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after purchasing an additional 654,568 shares during the period. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. Morgan Stanley upped their target price 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. BMO Capital Markets boosted their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Bank of America assumed coverage on Vistra in a research report on Monday, January 27th. They set a "neutral" rating and a $206.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.64.

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 115,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares of the company's stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

VST stock traded down $12.67 during trading on Friday, reaching $150.51. The stock had a trading volume of 9,944,101 shares, compared to its average volume of 9,293,202. The stock's 50 day moving average is $160.19 and its two-hundred day moving average is $131.92. Vistra Corp. has a 52 week low of $46.18 and a 52 week high of $199.84. 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 market cap of $51.21 billion, a PE ratio of 28.08, a PEG ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.59%. Vistra's payout ratio is 16.60%.

Vistra declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.