In this article, we will take a look at the 5 Best Energy Infrastructure Stocks to Buy Now. For deeper discussion and analysis, have a look at the 14 Best Energy Infrastructure Stocks to Buy Now.

5. Targa Resources Corp. (NYSE:TRGP)

Number of Hedge Fund Holders: 45

Targa Resources Corp. (NYSE:TRGP) is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America.

On April 13, Scotiabank upped its price target on Targa Resources Corp. (NYSE:TRGP) from $246 to $249, while keeping an ‘Outperform’ rating on the shares. The raised target reflects an upside of 4% from the current share price.

The move comes as Scotiabank revised its price targets for the U.S. midstream companies under its coverage. The analyst firm noted that the current surge in commodity prices amid the Middle East conflict is having a more modest impact on FY 2026 earnings than previously anticipated. Despite the soaring price levels, Scotiabank continues to believe that the upstream development activity will likely remain stable this year, despite the soaring price environment.

Targa Resources Corp. (NYSE:TRGP) is targeting an adjusted EBITDA in the range of $5.4 billion and $5.6 billion for FY 2026, up 11% YoY at the midpoint. The company expects approximately $4.5 billion of growth capital spending during the year, supporting its major projects and continued volume growth.

4. ONEOK, Inc. (NYSE:OKE)

Number of Hedge Fund Holders: 46

ONEOK, Inc. (NYSE:OKE) is a leading midstream operator that provides gathering, processing, fractionation, transportation, storage, and marine export services. The company transports natural gas, NGLs, refined products, and crude oil through its approximately 60,000-mile pipeline network.

On April 10, Scotiabank slightly bumped its price target on ONEOK, Inc. (NYSE:OKE) from $91 to $92, while maintaining an ‘Outperform’ rating on the shares. The raised target, which represents an upside of over 8% from the current levels, comes as the analyst firm revised its price targets for the US Midstream operators under its coverage.

Scotiabank noted that the elevated commodity price environment amid the Middle East conflict is having a more subdued effect on FY 2026 earnings than previously expected. Despite the soaring prices, the firm continues to believe that the upstream development activity will likely remain stable this year.

ONEOK, Inc. (NYSE:OKE) is targeting net income at a midpoint of approximately $3.45 billion or $5.45 per diluted share for FY 2026. The company expects an adjusted EBITDA midpoint of approximately $8.1 billion for the year, up from $8.02 billion delivered in 2025.

ONEOK, Inc. (NYSE:OKE) boasts a robust annual dividend yield of 5.04%, putting it among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

3. Kinder Morgan, Inc. (NYSE:KMI)

Number of Hedge Fund Holders: 66

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy infrastructure companies in North America. The company has an interest in or operates approximately 78,000 miles of pipelines and 136 terminals.

Kinder Morgan, Inc. (NYSE:KMI) announced on April 3 that it had received approval from the U.S. Department of Energy to export additional LNG to non-free trade agreement countries from its Elba Island LNG plant in Georgia. The company is now authorized to export up to an additional 22% of LNG compared to its previous authorization of 130 Bcf/year.

The export authorization comes amid a global LNG supply crunch amid the US-Iran war, with American operators pulling all levers to ramp up supply as quickly as possible. The blockade on the Strait of Hormuz has choked around a fifth of the global LNG supply, and the disruptions could persist in the long run. QatarEnergy, a major player in the global LNG sector, has warned that over 12 million mtpa of its supply could remain offline for up to five years after the company’s operations were struck by an Iranian missile last month. The supply crunch has sent customers, especially those in Asia, scrambling to find alternatives.

2. The Williams Companies, Inc. (NYSE:WMB)

Number of Hedge Fund Holders: 80

The Williams Companies, Inc. (NYSE:WMB) operates as an energy infrastructure company primarily in the United States, handling approximately one-third of the natural gas in the country.

On April 10, Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on The Williams Companies, Inc. (NYSE:WMB) from $81 to $83, while maintaining a ‘Buy’ rating on the shares. The revision indicates an upside potential of over 16% from the current levels.

Jefferies expects investors to shift their focus from the long-term compound annual growth rate to proof of Power Innovation execution ahead of the upcoming Q1 earnings season. While the market is looking for clearer backlog conversion, the analyst firm believes that its continued confidence in the Power Innovation opportunity continues to make the risk/reward profile ‘compelling’.

The Williams Companies, Inc. (NYSE:WMB) expects its earnings to be in the range of $2.20 – $2.38 per share for FY 2026, driven by new pipeline and offshore projects. This is up from the analyst consensus of $2.28 per share.

ClearBridge Investments, a global equity manager, stated the following regarding The Williams Companies, Inc. (NYSE:WMB) in its Q1 2026 investor letter:

“After a long and profitable investment in Enbridge, we sold the position to concentrate our pipeline investments in The Williams Companies, Inc. (NYSE:WMB), which possesses a superior balance sheet and growth outlook. Further, with the U.S. pursuing confrontational trade policies toward Canada, the risks to Canadian companies dependent upon exports to the U.S. are elevated. Our investment in Williams is predicated on growing North American natural gas production and surging power demand from data centers. Rising oil prices have little direct impact on the company and its business should continue chugging along, regardless of the outcome with Iran.”

1. Cheniere Energy, Inc. (NYSE:LNG) 

Number of Hedge Fund Holders: 81

Topping our list of the Best Energy Infrastructure Stocks According Hedge Funds is Cheniere Energy, Inc. (NYSE:LNG). It is the largest producer of liquified natural gas in the United States and the second-largest LNG operator in the world.

On April 14, JPMorgan lowered its price target on Cheniere Energy, Inc. (NYSE:LNG) from $338 to $325, but maintained its ‘Overweight’ rating on the shares. The reduced target still reflects an upside potential of more than 25% from the current share price.

The revision comes as the analyst firm expects Cheniere Energy, Inc. (NYSE:LNG)  to post a solid performance in its upcoming Q1 report, with spreads driving the company to exceed its FY 2026 guidance.

Cheniere Energy, Inc. (NYSE:LNG) is targeting a consolidated adjusted EBITDA in the range of $6.75 billion to $7.25 billion for FY 2026, compared to $6.94 billion achieved last year. The company expects its distributable cash flow to come between $4.35 billion and $4.85 billion for the year, down from $5.3 billion generated in 2025. The guidance reflected higher production but lower spot margins, but the spot margins have now surged notably due to the supply disruptions amid the US-Iran war.

Cheniere Energy, Inc. (NYSE:LNG) was also recently included in our list of the 10 Most Profitable Natural Gas Stocks to Buy Now.

READ NEXT: 15 Best American Energy Stocks to Buy According to Wall Street Analysts and 15 Best Blue Chip Stocks to Buy Now

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