5 Best Renewable Energy Stocks to Buy According to Hedge Funds

 3. Vistra Corp. (NYSE: VST)

Number of hedge fund holders: 46

Vistra Corp. (NYSE: VST) is an electric power generation company based in the US, retailing electricity and natural gas to residential, industrial, and commercial areas in the US. This company is ranked 3rd on our list of the best renewable energy stocks to buy according to hedge funds.

This April, Vistra Corp. (NYSE: VST) announced a $0.15 per share quarterly dividend, making the forward yield 3.52%. The dividend will be payable by June 30th. This decision came after the company saw a $1.6 billion impact from the winter storm in February, but it has claimed to intend to remain committed to the dividend specified.

Vistra Corp. (NYSE: VST) reported a $3.21 billion revenue in the first quarter of 2021 but missed EPS estimates for the quarter by $1.88. The stock has, however, gained 2.7% in the past 6 months and as of the first quarter, 46 hedge funds held stakes in the company worth $1.2 billion, up from 39 hedge fund holders in Q420.