Vistra Energy Corp (NYSE:VST) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.135 per share on Wednesday, September 30th. This represents a $0.54 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, September 15th.
Vistra Energy has a dividend payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vistra Energy to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 26.9%.
Shares of Vistra Energy stock traded down $0.22 on Friday, hitting $18.58. 566,053 shares of the company’s stock traded hands, compared to its average volume of 3,173,146. The company has a fifty day moving average of $19.30 and a two-hundred day moving average of $19.48. Vistra Energy has a one year low of $11.30 and a one year high of $27.96. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.47 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.99 and a quick ratio of 0.88.
Several research analysts recently issued reports on the stock. Seaport Global Securities raised shares of Vistra Energy from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, June 9th. Zacks Investment Research lowered shares of Vistra Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 4th. Royal Bank of Canada restated a “buy” rating and issued a $25.00 target price on shares of Vistra Energy in a research note on Wednesday, May 13th. UBS Group dropped their price target on Vistra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Morgan Stanley dropped their price objective on shares of Vistra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Vistra Energy has an average rating of “Buy” and an average price target of $30.33.
In other news, Director Arcilia Acosta bought 10,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $19.58 per share, for a total transaction of $195,800.00. Following the completion of the purchase, the director now owns 21,001 shares in the company, valued at approximately $411,199.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.
Vistra Energy Company Profile
Vistra Energy Corp., through its subsidiaries, engages in the integrated power business in Texas. The company operates through Wholesale Generation and Retail Electricity segments. The Wholesale Generation segment engages in the electricity generation, wholesale energy sales and purchases, commodity risk management, fuel production, and fuel logistics management activities.
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