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VISTRA CORP.

(VST)
  Report
Delayed Nyse  -  04:00:02 2023-01-27 pm EST
22.67 USD   -0.57%
01/24Vistra Announces Connected Conservation Program to Expand Demand Response in Texas
PR
01/18RBC Cuts Price Target on Vistra to $30 From $33, Maintains Outperform Rating
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01/17Judge Albright Grants Customer Defendants Sailpoint, Vistra, And Clear Channel's Motions To Sever And Stay While Suit Against Manufacturer Box Remains Pending
AQ
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VISTRA CORP. : Regulation FD Disclosure (form 8-K)

11/16/2022 | 04:43pm EST

Item 7.01. Regulation FD Disclosure

On November 16, 2022, pursuant to the Tax Receivable Agreement (the "Agreement"), dated as of October 3, 2016 (the "TCEH Effective Date"), entered into by and between Vistra Corp. (f/k/a Vistra Energy Corp. and TEX Energy LLC) ("Company") and American Stock Transfer & Trust Company, LLC, as transfer agent ("Transfer Agent"), in which the respective holders ("Holders") of certain rights thereunder have beneficial interests in certain payments in respect of cumulative tax benefits realized by the Company (together with other benefits appertaining to such holders, the "TRA Rights"), the Company provided notice to such holders of an annual tax payment to be made in accordance with the terms of the Agreement.

For the subject taxable year of 2021, an annual tax payment with an aggregate value of $766,013 (which represents $716,056 as a return of basis and $49,957 as interest income) will be paid on December 5, 2022 to holders of record as of November 28, 2022. The Company estimates that the value of each TRA Right was equal to $2.99924 as of the TCEH Effective Date, and the Company has made approximately $46.7 million of prior payments in respect of the TRA Rights.

Under Federal income tax law, paying agents may be required to withhold up to 30% of the interest income amount to be paid to particular Holders for their proportion of ownership of the TRA Rights if such Holder has failed to furnish a taxpayer identification number certified to be correct under penalties of perjury. Holders with questions regarding such withholdings may contact the Transfer Agent by phone at 1-800-937-5449 to inquire on the status of the account.

The information furnished pursuant to this Item 7.01 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act unless specifically identified therein as being incorporated therein by reference.

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© Edgar Online, source Glimpses

All news about VISTRA CORP.
01/24Vistra Announces Connected Conservation Program to Expand Demand Response in Texas
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01/18RBC Cuts Price Target on Vistra to $30 From $33, Maintains Outperform Rating
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Analyst Recommendations on VISTRA CORP.
More recommendations
Financials (USD)
Sales 2022 14 948 M - -
Net income 2022 799 M - -
Net Debt 2022 10 512 M - -
P/E ratio 2022 12,2x
Yield 2022 3,30%
Capitalization 9 022 M 9 022 M -
EV / Sales 2022 1,31x
EV / Sales 2023 1,31x
Nbr of Employees 5 060
Free-Float 74,8%
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Technical analysis trends VISTRA CORP.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 22,67 $
Average target price 30,30 $
Spread / Average Target 33,7%
EPS Revisions
Managers and Directors
James A. Burke President, Chief Executive Officer & Director
Kristopher E. Moldovan Chief Financial Officer & Executive Vice President
Scott B. Helm Chairman
Tom Farrah Chief Information Officer & Senior Vice President
Stephanie Zapata Moore Chief Compliance Officer, EVP & General Counsel
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