Cibc World Market Inc. Cuts Position in Vistra Corp. $VST

Cibc World Market Inc. lowered its position in Vistra Corp. (NYSE:VST) by 43.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,568 shares of the company’s stock after selling 19,045 shares during the quarter. Cibc World Market Inc.’s holdings in Vistra were worth $4,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at $25,000. Quent Capital LLC purchased a new position in Vistra in the third quarter valued at $25,000. Archer Investment Corp increased its holdings in Vistra by 2,700.0% in the third quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after buying an additional 135 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Vistra in the second quarter valued at $28,000. Finally, Anfield Capital Management LLC purchased a new stake in Vistra during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 8,219 shares of Vistra stock in a transaction on Monday, November 24th. The shares were sold at an average price of $173.35, for a total value of $1,424,763.65. Following the transaction, the executive vice president directly owned 79,854 shares in the company, valued at approximately $13,842,690.90. The trade was a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the sale, the chief executive officer owned 297,998 shares of the company’s stock, valued at $48,290,575.90. This trade represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of VST opened at $171.43 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 5.74. The firm has a market cap of $58.08 billion, a PE ratio of 61.89, a price-to-earnings-growth ratio of 1.03 and a beta of 1.40. The company’s 50 day simple moving average is $162.42 and its 200-day simple moving average is $183.06. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VST shares. Morgan Stanley set a $227.00 price objective on Vistra in a report on Wednesday, January 21st. Scotiabank upped their price target on Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a report on Monday, January 12th. UBS Group increased their price target on shares of Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $237.53.

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.