Vistra Corp. (NYSE:VST) Stock Position Increased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in Vistra Corp. (NYSE:VST) by 12.4% during the 3rd quarter, according to the company in its most recent 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP grew its stake in shares of Vistra by 0.7% in the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after purchasing an additional 80 shares during the last quarter. Umpqua Bank grew its stake in shares of Vistra by 2.2% in the 3rd quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after purchasing an additional 81 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Vistra by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after acquiring an additional 81 shares in the last quarter. Interchange Capital Partners LLC raised its holdings in shares of Vistra by 4.2% during the third quarter. Interchange Capital Partners LLC now owns 2,710 shares of the company’s stock valued at $321,000 after acquiring an additional 109 shares during the period. Finally, Simplicity Wealth LLC raised its holdings in shares of Vistra by 3.0% during the second quarter. Simplicity Wealth LLC now owns 3,883 shares of the company’s stock valued at $334,000 after acquiring an additional 112 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Guggenheim boosted their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $145.40.

Vistra Price Performance

NYSE:VST opened at $142.15 on Monday. The stock has a market cap of $48.36 billion, a P/E ratio of 26.52 and a beta of 1.09. Vistra Corp. has a one year low of $34.25 and a one year high of $149.80. The company has a fifty day moving average price of $119.52 and a 200 day moving average price of $97.52. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.221 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. Vistra’s dividend payout ratio is currently 16.42%.

Vistra announced that its Board of Directors has approved a share repurchase program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership 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.