CIBC Bancorp USA Inc. Acquires Shares of 44,689 Vistra Corp. $VST

CIBC Bancorp USA Inc. bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,689 shares of the company’s stock, valued at approximately $8,755,000.

Several other hedge funds have also bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in shares of Vistra in the third quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of Vistra during the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Vistra during the 2nd quarter valued at approximately $28,000. Archer Investment Corp increased its holdings in shares of Vistra by 2,700.0% in the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Vistra during the third quarter worth approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the sale, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Down 12.6%

NYSE VST opened at $146.23 on Friday. The business has a fifty day moving average price of $163.60 and a 200 day moving average price of $177.38. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. The company has a market cap of $49.51 billion, a P/E ratio of 67.39, a P/E/G ratio of 1.01 and a beta of 1.42. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. Research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.228 per share. The ex-dividend date is Friday, March 20th. This represents a $0.91 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 41.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Wells Fargo & Company dropped their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Jefferies Financial Group raised Vistra from a “hold” rating to a “buy” rating and upped their price objective for the company from $191.00 to $203.00 in a research report on Tuesday, February 10th. Finally, Scotiabank increased their target price on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average target price of $236.87.

About Vistra

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.