Vistra Corp. (NYSE:VST) Announces Quarterly Dividend of $0.22

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Wednesday, July 31st, RTT News reports. Stockholders 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 dividend yield of 0.96%. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22.

Vistra has increased its dividend by an average of 15.0% annually over the last three years. Vistra has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vistra to earn $6.58 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 13.4%.

Vistra Trading Up 0.1 %

Shares of Vistra stock opened at $91.20 on Thursday. Vistra has a 12-month low of $31.16 and a 12-month high of $107.24. The firm’s 50 day simple moving average is $79.80 and its two-hundred day simple moving average is $80.12. 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 firm has a market capitalization of $31.33 billion, a price-to-earnings ratio of 55.95 and a beta of 1.08.

Vistra (NYSE:VST) last announced 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). The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Analysts predict that Vistra will post 4.52 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on VST. Jefferies Financial Group started coverage on Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 price target on the stock. Morgan Stanley upped their price objective on Vistra from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Seven 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, Vistra currently has a consensus rating of “Buy” and an average price target of $89.43.

Vistra Company 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.