Cibc World Markets Corp Invests $16.73 Million in Vistra Corp. (NYSE:VST)

Cibc World Markets Corp acquired a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, Holdings Channel reports. The fund acquired 902,000 shares of the company’s stock, valued at approximately $16,732,000.

Other large investors also recently modified their holdings of the company. Mariner LLC lifted its position in shares of Vistra by 12.1% during the 1st quarter. Mariner LLC now owns 66,422 shares of the company’s stock worth $1,174,000 after buying an additional 7,145 shares during the last quarter. Paloma Partners Management Co lifted its position in shares of Vistra by 26.2% during the 1st quarter. Paloma Partners Management Co now owns 199,172 shares of the company’s stock worth $3,521,000 after buying an additional 41,336 shares during the last quarter. General American Investors Co. Inc. purchased a new stake in shares of Vistra during the 2nd quarter worth approximately $3,667,000. Symmetry Investments LP purchased a new stake in shares of Vistra during the 1st quarter worth approximately $5,048,000. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Vistra by 18.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,539,032 shares of the company’s stock worth $121,299,000 after buying an additional 1,001,369 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

VST has been the subject of several research reports. Zacks Investment Research downgraded shares of Vistra from a “buy” rating to a “hold” rating in a research report on Wednesday, August 18th. Seaport Global Securities boosted their price objective on shares of Vistra from $19.50 to $22.00 and gave the company a “buy” rating in a research note on Monday, June 21st. Wolfe Research raised shares of Vistra from a “peer perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Wednesday, July 7th. Guggenheim raised shares of Vistra from a “neutral” rating to a “buy” rating in a research note on Thursday, July 22nd. Finally, Morgan Stanley dropped their price objective on shares of Vistra from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, August 19th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $24.13.

In other news, Director Scott B. Helm bought 5,000 shares of Vistra stock in a transaction on Thursday, August 19th. The shares were bought at an average cost of $17.98 per share, for a total transaction of $89,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by corporate insiders.

NYSE:VST opened at $18.00 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. Vistra Corp. has a fifty-two week low of $15.47 and a fifty-two week high of $24.20. The stock has a market cap of $8.69 billion, a PE ratio of -5.47, a price-to-earnings-growth ratio of 4.16 and a beta of 0.88. The firm’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $17.87.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.15). The company had revenue of $2.57 billion for the quarter. Vistra had a negative return on equity of 20.81% and a negative net margin of 13.44%. Equities analysts anticipate that Vistra Corp. will post 0.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.33%. Vistra’s payout ratio is 40.54%.

Vistra Profile

Vistra Corp. is an energy company, which engages in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial and industrial customers.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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