Vistra Corp. (VST) To Go Ex-Dividend on June 18th

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Wednesday, June 19th will be given a dividend of 0.218 per share on Friday, June 28th. This represents a $0.87 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22.

Vistra has raised its dividend by an average of 15.0% per year over the last three years and has raised its dividend every year for the last 5 years. Vistra has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Vistra to earn $4.08 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 21.1%.

Vistra Stock Performance

NYSE:VST traded up $1.62 during mid-day trading on Friday, hitting $81.49. The company’s stock had a trading volume of 5,588,512 shares, compared to its average volume of 5,651,998. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 22.76 and a beta of 1.02. The business’s fifty day moving average is $66.79 and its two-hundred day moving average is $48.06. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. Vistra has a 1 year low of $22.69 and a 1 year high of $83.03.

Vistra (NYSE:VST) last posted its earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $5.48 billion. Analysts anticipate that Vistra will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley restated an “overweight” rating and set a $78.00 price target on shares of Vistra in a research report on Monday, March 25th. Janney Montgomery Scott started coverage on Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target for the company. Evercore ISI increased their price target on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, BMO Capital Markets boosted their price objective on Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $67.20.

Insiders Place Their Bets

In other news, EVP Stephanie Zapata Moore sold 98,020 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total value of $5,734,170.00. Following the transaction, the executive vice president now owns 161,888 shares in the company, valued at $9,470,448. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now owns 161,888 shares of the company’s stock, valued at approximately $9,470,448. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 86,517 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $15,069,030.52. The disclosure for this sale can be found here. In the last three months, insiders sold 257,285 shares of company stock worth $15,404,397. Corporate insiders own 1.42% of the company’s stock.

About Vistra

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.