Vistra Corp. (NYSE:VST) Raises Dividend to $0.23 Per Share

Key Points

• Vistra Corp. has increased its quarterly dividend to $0.23 per share, reflecting a 0.4% increase from the previous dividend amount.
• The dividend payout ratio stands at 10.8%, indicating that future dividends are well-covered by earnings expectations of $6.32 per share.
• Vistra shares are currently performing well, trading at $207.23, with analysts providing an average target price of $178.69 and a majority rating of "Moderate Buy".

Vistra Corp. (NYSE:VST - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Friday, September 19th will be paid a dividend of 0.226 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a 0.4% increase from Vistra's previous quarterly dividend of $0.23.

Vistra has a payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vistra to earn $6.32 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 14.2%.

Vistra Stock Performance

VST stock traded down $0.48 during trading on Friday, hitting $208.06. 5,735,168 shares of the company traded hands, compared to its average volume of 4,789,888. The stock's 50-day simple moving average is $184.27 and its 200 day simple moving average is $155.24. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The company has a market cap of $70.60 billion, a PE ratio of 32.71, a P/E/G ratio of 2.54 and a beta of 1.30. Vistra has a 1 year low of $66.50 and a 1 year high of $213.05.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VST. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. UBS Group boosted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Raymond James Financial started coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and an average target price of $178.69.

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.