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12. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 92  

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. Morgan Stanley analyst David Arcaro raised the price target on Vistra Corp. (NYSE:VST) stock to $132 from $110 and kept an Overweight rating on the shares. In a research note, the analyst highlighted that in August, Regulated & Diversified Utilities / IPPs in North America outperformed the S&P’s 2.43% return by 238 bps.

The analyst further added that with interest rates declining, a potential economic slowdown ahead, and expected data center updates, the investment advisory believes that the industry could outperform by approximately 5% but noted the sector’s mixed performance in previous soft landings.