Vistra Corp. (NYSE:VST) Declares Dividend Increase – $0.22 Per Share

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.221 per share on Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22.

Vistra has raised its dividend by an average of 15.0% annually over the last three years. Vistra has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Vistra to earn $5.66 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 15.5%.

Vistra Price Performance

Shares of Vistra stock opened at $124.94 on Friday. Vistra has a twelve month low of $32.34 and a twelve month high of $143.87. The stock has a market capitalization of $42.92 billion, a P/E ratio of 91.87 and a beta of 1.10. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The business’s fifty day moving average price is $107.15 and its 200 day moving average price is $92.09.

Vistra (NYSE:VST) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period last year, the business earned $1.03 earnings per share. As a group, research analysts anticipate that Vistra will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their target price on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $145.40.

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.