Vistra Corp. (NYSE:VST) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,380 shares of the company's stock after purchasing an additional 5,575 shares during the quarter. CIBC Asset Management Inc's holdings in Vistra were worth $5,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Vistra during the 3rd quarter valued at about $30,000. New Covenant Trust Company N.A. purchased a new stake in shares of Vistra during the first quarter valued at approximately $32,000. CVA Family Office LLC lifted its holdings in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after purchasing an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Vistra during the second quarter valued at approximately $34,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Up 3.2 %

NYSE:VST traded up $4.48 during mid-day trading on Monday, hitting $146.63. 5,724,092 shares of the company's stock traded hands, compared to its average volume of 6,905,042. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.88 and a current ratio of 1.11. The company has a market capitalization of $49.89 billion, a P/E ratio of 27.36 and a beta of 1.09. The company has a fifty day moving average of $119.52 and a 200 day moving average of $97.52. Vistra Corp. has a twelve month low of $34.25 and a twelve month high of $152.64.

Vistra declared that its board has initiated a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date is Friday, December 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. Vistra's dividend payout ratio (DPR) is 16.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Royal Bank of Canada upped their price target on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. BMO Capital Markets lifted their price target on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Guggenheim upped their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra has a consensus rating of "Buy" and a consensus price target of $145.40.

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.