Vistra Corp Stock Price, News & Analysis

On February 23, 2023, Vistra (NYSE: VST) announced a quarterly dividend of $0.1975 per share, totaling approximately $75 million for this quarter. This marks a 16% increase compared to the previous year's first quarter dividend. The dividend will be paid on March 31, 2023, to stockholders of record as of March 22, 2023, with an ex-dividend date of March 21, 2023. Additionally, a semi-annual dividend of $40.00 per share for the 8.0% Series A preferred stock was declared, payable on April 17, 2023.

Vistra (NYSE: VST) announced it will report its fourth quarter and full-year 2022 financial and operating results on March 1, 2023. The report will be presented in a live conference call and webcast starting at 9 a.m. ET (8 a.m. CT). Interested parties can access the webcast on Vistra's investor relations page at www.vistracorp.com under "Events & Presentations." Those unable to attend the live event will have access to a replay on the website for one year. Vistra provides essential energy services in 20 states and the District of Columbia, serving approximately 4 million customers.

Vistra (NYSE: VST) announced the appointment of Julie Lagacy as an independent director, expanding its board to 11 members. Lagacy's extensive experience in strategy, sustainability, and cybersecurity is expected to enhance board capabilities. She will serve on the Sustainability & Risk Committee and the Social Responsibility & Compensation Committee. Chairman Scott Helm emphasized the need for diverse skills to guide the company's strategy, particularly in relation to its net zero commitment. Lagacy has a significant track record, including roles at Caterpillar, and brings expertise in ESG and capital allocation.

Vistra (NYSE: VST) has announced the expansion of its residential demand response program in Texas. This initiative allows customers with compatible smart thermostats to reduce electricity consumption during peak demand, enhancing grid reliability. Through the TXU Energy Connected Conservation program, these adjustments will help balance supply and demand across the state, which is the highest electricity consumer in the U.S. The program offers flexibility, allowing customers to opt out of conservation events. Vistra aims to lead in energy transition by integrating smart devices for better energy management.

On December 15, 2022, TXU Energy announced a $150,000 donation to combat hunger and support community initiatives across Texas. This includes $100,000 for food banks and $50,000 for social service organizations. The contributions will specifically aid 12 food banks and organizations, providing essential resources like 60,000 meals through partnerships with local food banks in Houston, Dallas, and Fort Worth. TXU Energy aims to alleviate the increased demand for food aid amid growing inflation, emphasizing the importance of community support during the holiday season.

Vistra (NYSE: VST) reported strong third-quarter 2022 results, with net income of $678 million and ongoing operations adjusted EBITDA of $1,038 million. The company has narrowed its 2022 EBITDA guidance to $2,960 million to $3,160 million while initiating 2023 guidance at $3,400 million to $4,000 million. Notably, Vistra has repurchased approximately $2.05 billion of shares, representing 18% of shares outstanding. The company is also transitioning to lower carbon resources with its Vistra Zero portfolio, emphasizing sustainable energy solutions.

Vistra has launched a new electricity plan under its TXU Energy brand, designed to support electric vehicle (EV) owners. The TXU Energy Free EV Miles℠ plan offers free home charging every evening from 7 p.m. to 1 p.m. the next day, totaling 125 hours weekly. Customers will see their usage reflected on monthly statements. The initiative is aimed at simplifying EV charging and promoting renewable energy sources, supporting the transition to cleaner vehicles. Vistra currently serves nearly 4.3 million customers across 20 states.

Vistra (NYSE: VST) has declared a quarterly dividend of $0.193 per share, amounting to an estimated $75 million this quarter. The cumulative dividend for 2022 is approximately $300 million, reflecting a 29% increase from the prior year. The dividend is payable on Dec. 29, 2022, to stockholders of record by Dec. 20, 2022. Additionally, a semi-annual dividend of $35.00 per share on the Series B Preferred Stock will be issued on Dec. 15, 2022, to preferred stockholders on record by Dec. 1, 2022.

Vistra (NYSE: VST) is scheduled to report its third quarter 2022 financial results on November 4, 2022, with a live conference call starting at 9 a.m. ET. Interested parties can access the webcast through Vistra's investor relations website. The company, based in Irving, Texas, serves around 4 million customers across 20 states, primarily in retail electricity and power generation. Vistra is a leader in the competitive electricity market and operates a significant renewable energy portfolio, including the largest battery energy storage system in the world located in Moss Landing, California.