Vistra Corp. (NYSE:VST) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.
Vistra Corp. (NYSE:VST) is the largest competitive power generator in the US with a capacity of approximately 41 GW, powered by a diverse portfolio that includes natural gas, coal, nuclear, solar, and battery energy storage facilities. The company owns the second-largest competitive nuclear power fleet in the US, with the aim of adding over 600 MW to its existing nuclear capacity by the early to mid-2030s.
Vistra Corp. (NYSE:VST) received a boost last week after Seaport Research raised its price target on the stock from $220 to $242, while reiterating a ‘Buy’ rating on the shares. The analyst firm notes that the cash flows of thermal IPPs are growing due to higher power and capacity prices, lower interest rates, and no cash taxes. Moreover, it expects announcements of more datacenter power deals before the end of the year, along with additional M&A activity and positive earnings revisions for thermal independent power producers.
Vistra Corp. (NYSE:VST) has returned over $6.5 billion to its shareholders through share repurchases and dividends since the fourth quarter of 2021. The company expects to return approximately another $1.8 billion through the end of next year.
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