5 Best Utility Stocks To Invest In

3. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 40

Vistra Corp. (NYSE:VST) serves electricity and natural gas customers in 20 American states. It has a power generation portfolio of thousands of megawatts that is generated through a variety of sources such as gas and renewables.

Vistra Corp. (NYSE:VST) is one of the largest electricity companies in Texas, which means that it will see lesser competition in the market while still maintaining its business after the Texas electricity crisis of 2021. Additionally, when compared to its peers, the firm has some of the strongest valuation metrics out there when analyzed in terms of stability and valuation.

Insider Monkey’s Q1 2022 survey of 912 hedge funds outlined that 37 had bought Vistra Corp. (NYSE:VST)’s shares. The company is also on track to build the largest energy storage facility in the world in California.

Howard Marks’s Oaktree Capital Management is Vistra Corp. (NYSE:VST)’s largest investor through a $671 million stake that comes via 28 million shares.