Vistra Corp. (VST) To Go Ex-Dividend on September 21st

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, September 21st will be paid a dividend of 0.23 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a 0.4% increase from Vistra’s previous quarterly dividend of $0.23.

Vistra has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Vistra has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vistra to earn $10.49 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 8.8%.

Vistra Trading Down 2.0%

NYSE VST opened at $140.75 on Friday. The company has a market capitalization of $47.24 billion, a price-to-earnings ratio of 23.77 and a beta of 1.40. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra has a 12 month low of $132.66 and a 12 month high of $219.82. The company’s fifty day moving average price is $147.25 and its two-hundred day moving average price is $152.94.

Vistra (NYSE:VST) last issued its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, research analysts predict that Vistra will post 9.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on VST. Zacks Research lowered Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. UBS Group decreased their target price on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Mizuho initiated coverage on Vistra in a research report on Monday, August 24th. They set an “outperform” rating and a $169.00 price target on the stock. Finally, Seaport Research Partners restated a “buy” rating and set a $230.00 price objective on shares of Vistra in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.88.

About Vistra

Vistra Corp. is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation and retail energy businesses, serving residential, commercial, industrial and wholesale customers primarily across the United States.

Vistra’s generation portfolio includes natural gas, nuclear, coal, solar and battery energy storage facilities. Through its retail operations, the company provides electricity, natural gas and renewable energy plans under brands that include TXU Energy, Dynegy, Homefield Energy and Ambit Energy.

The company was established in 2016 following the separation of Energy Future Holdings’ competitive energy businesses.