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

Cibc World Markets Corp grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 18.2% during the fourth 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 and other institutional investors have also made changes to their positions in the company. GWN Securities Inc. purchased a new position in Vistra in the fourth quarter valued at approximately $322,000. Sovereign Investment Advisors LLC purchased a new position in shares of Vistra in the 4th quarter valued at $325,000. Harbour Investments Inc. raised its stake in Vistra by 25.9% during the 4th quarter. Harbour Investments Inc. now owns 1,209 shares of the company's stock worth $167,000 after acquiring an additional 249 shares in the last quarter. Corient Private Wealth LLC lifted its position in Vistra by 6.0% in the fourth 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 during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Vistra by 94.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,717 shares of the company's stock valued at $1,478,000 after acquiring an additional 5,216 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction 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 transaction, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company's stock, valued at approximately $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 insiders.

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Vistra Stock Performance

Vistra stock traded down $1.15 during trading hours on Friday, reaching $130.75. 7,472,453 shares of the stock were exchanged, compared to its average volume of 7,498,097. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The stock has a market cap of $44.47 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm's 50 day moving average is $151.74 and its 200 day moving average is $138.21.

Vistra Increases Dividend

The company 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 dividend of $0.2235 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio is currently 12.62%.

Analysts Set New Price Targets

A number of analysts have recently commented on VST shares. Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.