2024-04-22 12:04:35 ET
Summary
- Vistra is a $23 billion market cap independent power producer generating and selling electricity in Texas and other areas of the country.
- The company is closing coal-fired generation but has acquired significant nuclear-powered generation that meets the twin goals of baseload reliability and zero-carbon sourcing.
- Though hedged, Vistra’s natural gas-fired generation still benefits from substantial nearby reserves and low gas prices.
Updating my most recent review, despite a more than 250% increase in stock price, I'm keeping the rating of power producer Vistra Corporation ( VST ) at “buy,” although only for capital appreciation and momentum investors, not for dividend investors.
Because the stock price has risen so much, the dividend has not kept pace: Vistra pays only a 1.3% dividend. However, it recently added $1.5 billion in stock repurchase authorization. Since 2021, it has reduced its share count by 28%....
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Vistra Adds Vital Nuclear Power Capacity