Vistra Energy Corp (NYSE:VST) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.135 per share on Wednesday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Tuesday, September 15th.
Vistra Energy has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vistra Energy to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 26.9%.
Shares of NYSE:VST traded down $0.28 on Friday, reaching $18.52. 51,094 shares of the company traded hands, compared to its average volume of 3,173,146. The business’s 50-day simple moving average is $19.30 and its 200 day simple moving average is $19.48. Vistra Energy has a 52 week low of $11.30 and a 52 week high of $27.96. The stock has a market capitalization of $9.08 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.
Vistra Energy (NYSE:VST) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.14). Vistra Energy had a net margin of 6.45% and a return on equity of 10.84%. The company had revenue of $2.86 billion for the quarter. Sell-side analysts expect that Vistra Energy will post 2.2 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Seaport Global Securities raised Vistra Energy from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, June 9th. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 target price on shares of Vistra Energy in a research note on Wednesday, May 13th. UBS Group cut their target price on Vistra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley cut their target price on Vistra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Finally, Zacks Investment Research cut Vistra Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 4th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.33.
In other Vistra Energy news, Director Arcilia Acosta bought 10,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of $19.58 per share, for a total transaction of $195,800.00. Following the completion of the acquisition, the director now owns 21,001 shares of the company’s stock, valued at $411,199.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.
Vistra Energy Company Profile
Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.
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