CIBC Asset Management Inc Acquires 28,569 Shares of Vistra Corp. $VST

Key Points

• CIBC Asset Management increased its stake in Vistra by 60.2% in the fourth quarter, buying 28,569 additional shares and bringing its total holding to 76,040 shares worth about $12.27 million.
• Insider selling has continued recently, with executives Stephanie Zapata Moore and Margaret Montemayor selling shares; insiders have sold 19,600 shares worth $3.16 million over the last 90 days.
• Vistra reported strong quarterly results, posting EPS of $2.87 versus estimates of $1.32 and revenue of $5.64 billion versus expectations of $5.22 billion, while analysts maintain a Buy consensus and average price target of $233.33.

CIBC Asset Management Inc boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 60.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,040 shares of the company's stock after purchasing an additional 28,569 shares during the period. CIBC Asset Management Inc's holdings in Vistra were worth $12,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. increased its holdings in shares of Vistra by 3.1% in the third quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company's stock valued at $350,000 after purchasing an additional 53 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Vistra by 7.1% in the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company's stock valued at $168,000 after purchasing an additional 61 shares in the last quarter. Equitable Holdings Inc. increased its holdings in shares of Vistra by 0.9% in the third quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock valued at $1,380,000 after purchasing an additional 61 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in shares of Vistra by 21.7% in the fourth quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company's stock valued at $59,000 after purchasing an additional 65 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in shares of Vistra by 2.5% in the third quarter. Catalyst Financial Partners LLC now owns 2,798 shares of the company's stock valued at $548,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the business's 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 transaction, the executive vice president directly owned 114,409 shares in the company, valued at $18,340,906.79. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Margaret Montemayor sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was 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 in the company, valued at $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,600 shares of company stock worth $3,163,900 over the last 90 days. 0.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of research reports. TD Cowen lowered their price target on shares of Vistra from $253.00 to $230.00 and set a "buy" rating for the company in a report on Monday, May 4th. The Goldman Sachs Group raised shares of Vistra from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a report on Friday, February 6th. Weiss Ratings raised shares of Vistra from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 11th. Wells Fargo & Company lowered their price target on shares of Vistra from $236.00 to $234.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Finally, Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $233.33.

Vistra Trading Down 3.2%

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. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm's fifty day simple moving average is $154.21 and its 200 day simple moving average is $161.22. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The firm had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.22 billion. As a group, research analysts anticipate that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.229 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is presently 15.24%.

Vistra Company Profile

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.

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