208,747 Shares in Vistra Corp. $VST Bought by Thiel Macro LLC

Key Points

• Thiel Macro LLC has acquired 208,747 shares of Vistra Corp. valued at approximately $24.5 million, making it the fund's fourth-biggest position at about 16% of its portfolio.
• Vistra's recent earnings report showed a missed EPS estimate of $1.01 compared to the expected $1.63, along with revenue of $4.25 billion against a forecast of $5.15 billion.
• The company has announced a dividend increase to $0.226 per share, payable September 30, raising its annualized dividend yield to 0.5%.

Thiel Macro LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 208,747 shares of the company's stock, valued at approximately $24,515,000. Vistra comprises about 16.0% of Thiel Macro LLC's investment portfolio, making the stock its 4th biggest position. Thiel Macro LLC owned 0.06% of Vistra as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VST. UniSuper Management Pty Ltd raised its holdings in shares of Vistra by 9.5% in the first quarter. UniSuper Management Pty Ltd now owns 29,861 shares of the company's stock worth $3,507,000 after acquiring an additional 2,591 shares during the last quarter. Scientech Research LLC acquired a new position in shares of Vistra in the first quarter worth $1,620,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Vistra by 0.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 41,920 shares of the company's stock worth $4,923,000 after acquiring an additional 119 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Vistra by 11.7% in the first quarter. NewEdge Advisors LLC now owns 126,751 shares of the company's stock worth $14,886,000 after acquiring an additional 13,274 shares during the last quarter. Finally, Night Owl Capital Management LLC raised its holdings in shares of Vistra by 4.2% in the first quarter. Night Owl Capital Management LLC now owns 215,467 shares of the company's stock worth $25,304,000 after acquiring an additional 8,772 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley set a $207.00 price target on Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. Wall Street Zen cut Vistra from a "hold" rating to a "sell" rating in a report on Friday. Jefferies Financial Group boosted their price target on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. UBS Group boosted their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group boosted their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $201.43.

Vistra Price Performance

Shares of NYSE:VST opened at $187.73 on Friday. The company has a market cap of $63.61 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.94 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 52 week low of $72.90 and a 52 week high of $216.85. The business has a fifty day simple moving average of $195.43 and a 200-day simple moving average of $159.84.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. Equities research analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio (DPR) is presently 14.35%.

Vistra 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.

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