Vistra Corp. (VST) to Issue Quarterly Dividend of $0.22 on September 30th

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Wednesday, July 31st, RTT News reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.2195 per share on Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.15%. This is a boost from Vistra’s previous quarterly dividend of $0.22.

Vistra has increased its dividend payment by an average of 15.0% per year over the last three years. Vistra has a payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vistra to earn $6.20 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 14.0%.

Vistra Trading Down 4.0 %

Shares of VST stock opened at $76.04 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. Vistra has a 12-month low of $27.54 and a 12-month high of $107.24. The stock has a market capitalization of $26.42 billion, a P/E ratio of 46.65 and a beta of 1.05. The firm’s 50 day moving average is $87.59 and its 200 day moving average is $71.24.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.81 billion. Research analysts expect that Vistra will post 4.99 earnings per share for the current year.

Insider Activity at Vistra

In other news, Director Lisa Crutchfield bought 335 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares in the company, valued at $2,879,359.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Evercore ISI increased their target price on Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Guggenheim raised Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. BMO Capital Markets lifted their price target on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Janney Montgomery Scott assumed coverage on Vistra in a research note on Thursday, April 18th. They set a “buy” rating and a $82.00 price objective for the company. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $87.83.

About Vistra

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.