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

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.221 per share on Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, December 20th. 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 dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of Vistra stock opened at $124.94 on Friday. Vistra has a 12 month low of $32.34 and a 12 month high of $143.87. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. The stock has a market cap of $42.92 billion, a PE ratio of 91.87 and a beta of 1.10. The business has a fifty day simple moving average of $107.15 and a 200-day simple moving average of $92.09.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 21.05% and a net margin of 4.61%. During the same quarter in the previous year, the business posted $1.03 earnings per share. On average, sell-side analysts anticipate that Vistra will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VST shares. Jefferies Financial Group upped their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. Morgan Stanley boosted their price target on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Finally, UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $145.40.

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.