Vistra Corp. (VST) to Distribute Quarterly Dividend of $0.23 on December 31st

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 22nd will be given a dividend of $0.2310 per share on Thursday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 22nd. 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 every year for the last 6 years. Vistra has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vistra to earn $10.56 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 8.7%.

Vistra Price Performance

VST opened at $138.15 on Friday. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock has a market capitalization of $46.37 billion, a P/E ratio of 23.34 and a beta of 1.38. The company’s 50 day simple moving average is $145.08 and its 200-day simple moving average is $153.71. Vistra has a one year low of $132.66 and a one year high of $196.80.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Sell-side analysts anticipate that Vistra will post 9.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VST. UBS Group set a $176.00 target price on Vistra in a research report on Wednesday, October 21st. Raymond James Financial set a $176.00 price target on Vistra in a research note on Wednesday, October 21st. Morgan Stanley decreased their price target on Vistra from $227.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $181.00 price objective on shares of Vistra in a research report on Thursday, October 1st. Finally, HSBC initiated coverage on Vistra in a research report on Thursday, October 22nd. They issued a “buy” rating and a $190.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Vistra has an average rating of “Moderate Buy” and a consensus price target of $202.43.

Vistra Company Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.