CIBC Asset Management Inc Has $7.22 Million Holdings in Vistra Corp. (NYSE:VST)

CIBC Asset Management Inc lifted its position in Vistra Corp. (NYSE:VST) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,359 shares of the company’s stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Galvin Gaustad & Stein LLC grew its holdings in Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after buying an additional 73 shares in the last quarter. Forum Financial Management LP increased its position in Vistra by 0.7% during the 3rd quarter. Forum Financial Management LP now owns 11,527 shares of the company’s stock worth $1,366,000 after buying an additional 80 shares during the period. Umpqua Bank lifted its holdings in shares of Vistra by 2.2% during the third quarter. Umpqua Bank now owns 3,780 shares of the company’s stock worth $448,000 after buying an additional 81 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Vistra by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after buying an additional 81 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 0.0 %

Shares of VST opened at $169.36 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52-week low of $45.52 and a 52-week high of $199.84. The firm has a market cap of $57.62 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.15 and a beta of 1.22. The business’s fifty day moving average is $159.73 and its 200-day moving average is $131.14.

Vistra declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 over the last ninety days. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on VST. Morgan Stanley raised their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. BMO Capital Markets raised their price objective 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 started coverage on Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.64.

About Vistra

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.