12 Safest Stocks to Buy According to Hedge Funds

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7. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 97  

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. There are several key factors that make this company an outstanding investment. As per the report for the third quarter of 2024, the company has authorized an additional $1 billion of share repurchases, which is expected to be utilized by year-end 2026. This shows the company’s confidence in its financial position and aims to potentially increase earnings per share. Moreover, the company has connected two utility-scale solar facilities to the grid and extended operations of the Baldwin power plant in response to reliability concerns in the Midcontinent Independent System Operator (MISO). This new solar facility is expected to generate $6 million in total property tax payments over the project’s life.

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