In this article, we will take a look at the 5 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds. For a deeper discussion and analysis, please refer to the 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds.

5. NRG Energy, Inc. (NYSE:NRG)

Number of Hedge Fund Holders: 63

NRG Energy, Inc. (NYSE:NRG) delivers innovative natural gas, electricity, and smart home solutions to customers large and small across North America.

On April 27, Raymond James trimmed its price target on NRG Energy, Inc. (NYSE:NRG) from $220 to $210, but maintained a ‘Strong Buy’ rating on the shares. The lowered target still indicates an upside of almost 41% from the current price levels.

Raymond James expects the IPP group to report mixed earnings in Q1, with minimal spillover to the broader sector. The analyst expects NRG Energy, Inc. (NYSE:NRG) to report weaker near-term results, driven by the softer ERCOT weather, reduced load, and lower power prices. The impact of these factors is likely to vary by company, depending on the mix of their retail and supply structure.

NRG Energy, Inc. (NYSE:NRG) is set to report its Q1 2026 results on May 6. The company is targeting an adjusted EBITDA of $5.575 billion and adjusted net income of $1.9 billion for FY 2026. Moreover, adjusted EPS for the year is expected to come in at $8.90 per share, while free cash flow before growth is projected to be $3.05 billion.

4. NextEra Energy, Inc. (NYSE:NEE)

Number of Hedge Fund Holders: 72

With a market cap of over $204 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

On April 27, BMO Capital bumped up the firm’s price target on NextEra Energy, Inc. (NYSE:NEE) from $99 to $104, while keeping an ‘Outperform’ rating on the shares. The revised target, which represents an upside of 6% from the current price levels, comes after the utility reported better-than-expected results for its Q1 on April 23.

BMO Capital highlighted the utility’s Energy Resources unit, which had a record quarter with 4 GW of new long-term contracted renewables and storage projects added to its backlog, up sequentially from 3.6 GW in the previous quarter. Nextera’s total backlog now stands at around 33 GW.

NextEra Energy, Inc. (NYSE:NEE) reaffirmed its 2026 adjusted EPS target of $3.92 to $4.02 per share, compared to $3.71 per share last year. The utility further expects to grow its adjusted EPS at a CAGR of over 8% through 2032, and then the same from 2032 through 2035, all off the 2025 base. Moreover, the company reiterated its goal to grow its dividend per share at around 10% per year through 2026, off a 2024 base, and 6% per year from year-end 2026 through 2028.

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.

2. PG&E Corporation (NYSE:PCG)

Number of Hedge Fund Holders: 80

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to residential and business customers in northern and central California.

PG&E Corporation (NYSE:PCG) reported strong results for its Q1 2026 on April 23, with the company exceeding estimates in both earnings and revenue. The utility grew its revenue by 15% YoY to $6.9 billion, while its core EPS of $0.43 was up by $0.10 YoY, attributed to capital investment and O&M savings.

Given the impressive results, PG&E Corporation (NYSE:PCG) reaffirmed its full-year 2026 core EPS guidance of $1.64 to $1.66, indicating a 10% surge over 2025 and marking its fifth consecutive year of double-digit core earnings growth. The company’s EPS growth guidance for 2027 through 2030 also remains unchanged at 9% plus annually. Moreover, there is also no change to its five-year $73 billion capital plan through 2030.

PG&E Corporation (NYSE:PCG) was also recently included in our list of the 11 Most Profitable Renewable Energy Stocks Right Now.

1. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 102

Vistra Corp. (NYSE:VST) is one of the largest competitive power generators in the United States. The company operates a power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities in the country.

On April 27, Raymond James lowered its price target on Vistra Corp. (NYSE:VST) from $240 to $208, but kept a ‘Strong Buy’ rating on the shares. The trimmed target still reflects an upside potential of over 35% from the current share price.

Raymond James expects the Q1 results from the IPP group to be mixed, with limited broader read-through. The analyst firm expects Vistra Corp. (NYSE:VST) to report a weaker performance in the near-term, primarily driven by the softer ERCOT weather, reduced demand, and lower power prices.

Similarly, earlier on April 21, Morgan Stanley analyst David Arcaro also reduced the firm’s price target on Vistra Corp. (NYSE:VST) by $6, but maintained an ‘Overweight’ rating on the shares (read more details here).

Vistra Corp. (NYSE:VST) is set to report its Q1 2026 results on May 7.

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