Vistra Corp. (NYSE:VST) Increases Dividend to $0.18 Per Share

Vistra Corp. (NYSE:VSTGet Rating) declared a quarterly dividend on Wednesday, May 4th, Zacks reports. Stockholders of record on Wednesday, June 22nd will be given a dividend of 0.177 per share on Thursday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Tuesday, June 21st. This is a boost from Vistra’s previous quarterly dividend of $0.17.

Vistra has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Vistra to earn $4.30 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 15.8%.

Shares of VST stock opened at $25.94 on Friday. The stock’s fifty day simple moving average is $23.57 and its 200-day simple moving average is $21.98. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.67. Vistra has a 1-year low of $15.47 and a 1-year high of $26.63.

Vistra (NYSE:VSTGet Rating) last issued its earnings results on Friday, February 25th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($1.69). Vistra had a negative net margin of 10.55% and a negative return on equity of 20.42%. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Equities analysts predict that Vistra will post 2.12 earnings per share for the current year.

Separately, Zacks Investment Research raised Vistra from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $24.71.

In related news, EVP Stephen J. Muscato sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $22.39, for a total transaction of $1,119,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Paradigm Financial Partners LLC bought a new position in Vistra during the fourth quarter valued at about $215,000. Metropolitan Life Insurance Co NY bought a new position in Vistra during the fourth quarter valued at about $217,000. Forum Financial Management LP bought a new position in Vistra during the fourth quarter valued at about $256,000. Qtron Investments LLC bought a new position in Vistra during the fourth quarter valued at about $339,000. Finally, Advisors Asset Management Inc. increased its stake in Vistra by 30.1% during the fourth quarter. Advisors Asset Management Inc. now owns 26,110 shares of the company’s stock valued at $595,000 after acquiring an additional 6,036 shares during the period.

Vistra Company Profile (Get Rating)

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 20 states in the United States and the District of Columbia.

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Dividend History for Vistra (NYSE:VST)

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