5 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds

3. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 76

Constellation Energy Corporation (NASDAQ:CEG) is the largest provider of clean, low-carbon energy in the United States. The company also operates the largest fleet of nuclear facilities in the country.

On April 29, Scotiabank analyst Andrew Weisel reduced the firm’s price target on Constellation Energy Corporation (NASDAQ:CEG) from $481 to $441, while maintaining an ‘Outperform’ rating on the shares. The lowered target, which still indicates an upside of over 42% from the current price levels, comes as the analyst firm expects CEG to post strong Q1 results and remains bullish on the stock.

Similarly, Evercore ISI also resumed coverage of Constellation Energy Corporation (NASDAQ:CEG) with an ‘Outperform’ rating earlier on April 24 (read more details here).

Constellation Energy Corporation (NASDAQ:CEG) declared a quarterly dividend of $0.4625 per share on April 28 and also grew its share repurchase plan to $5 billion last month. The company is targeting adjusted earnings of $11-$12 per share for FY 2026, in addition to guiding a base earnings CAGR of 20% during 2026-29.