In this article, we are going to discuss the 10 best nuclear energy stocks to buy for dividends.
The American nuclear energy sector is going through a renaissance amid the ongoing AI boom, especially after President Trump signed an executive order last year to quadruple the country’s nuclear energy capacity to 400 GW by 2050.
While achieving this goal will require plenty of time and money, the government seems serious and is already taking some important steps. A great example of this is the Utility Power Reactor Incremental Scaling Effort (UPRISE) program, which the DoE announced last month. The initiative is meant to help nuclear companies uprate their reactors and bring dormant facilities back online, potentially increasing the country’s existing nuclear fleet’s power capacity by a further 5 GW by 2029. This is equivalent to adding five new nuclear reactors to the grid, without having to spend billions on new construction.
Moreover, the nuclear revolution has attracted significant attention from Silicon Valley itself. A number of hyperscales have now signed multi-year deals with nuclear operators to ensure that they have enough clean energy available to power their advances in AI and meet their climate goals.
With that said, here are the Best Nuclear Energy Dividend Stocks to Buy Now.
Our Methodology
To collect data for this article, we used our stock screeners to identify nuclear energy stocks with the highest number of hedge fund holders at the end of Q4 2025, as per the Insider Monkey database. We then shortlisted the companies that have steady dividend policies. Lastly, we limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. The following are the Best Nuclear Energy Stocks to Buy for Dividends.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Dominion Energy, Inc. (NYSE:D)
Number of Hedge Fund Holders: 40
Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company generates around 40% of its energy from nuclear power facilities.
On April 21, Morgan Stanley slightly trimmed its price target on Dominion Energy, Inc. (NYSE:D) from $69 to $68, but maintained its ‘Overweight’ rating on the shares. The lowered target, which still indicates an upside of almost 9% from the current levels, comes as the analyst firm revised its estimates for the Regulated & Diversified Utilities / IPPs in North America under its coverage.
The analyst also highlighted the utilities sector’s performance in March. The sector surged by 16.4% during the month, comfortably outperforming the gains of 9.6% posted by the overall S&P 500.
Dominion Energy, Inc. (NYSE:D) also received a significant boost last month when it officially generated its first power from the long-delayed Coastal Virginia Offshore Wind project. The 2.6 GW project is the largest of its kind in the United States and will supply clean energy to 660,000 customers.
9. Public Service Enterprise Group Incorporated (NYSE:PEG)
Number of Hedge Fund Holders: 49
Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services.
Public Service Enterprise Group Incorporated (NYSE:PEG) announced a quarterly dividend of $0.67 per share on April 21. The dividend is payable on June 30 to all shareholders of record on June 9. The company has paid a common dividend since 1907 and currently boasts an impressive annual yield of 3.34%.
Public Service Enterprise Group Incorporated (NYSE:PEG) is projecting operating earnings of $4.28 to $4.40 per share for FY 2026, up 7% YoY at the midpoint. The company recently raised its long-term adjusted earnings growth outlook to 6%-8% through the end of the decade, citing robust regulated investments and nuclear generation cash flows as key drivers. Moreover, to keep up with the soaring demand, PSEG also recently bumped up its capital program from $24 billion to $28 billion for 2026–2030.
8. Duke Energy Corporation (NYSE:DUK)
Number of Hedge Fund Holders: 51
Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company owns and operates a diverse mix of regulated power plants – including hydro, coal, nuclear, natural gas, solar, and battery storage.
Duke Energy Corporation (NYSE:DUK) announced on April 23 that the U.S. Nuclear Regulatory Commission had renewed the operating license for its Robinson Nuclear Plant for a further 20 years, extending the facility’s operations until 2050. Located in Hartsville, South Carolina, the 759 MW plant provides enough carbon-free electricity to power 570,000 homes. Moreover, it supports around 500 high-paying jobs, in addition to contributing approximately $28 million in annual local taxes.
Robinson is the second Duke Energy Corporation (NYSE:DUK) nuclear plant to secure a subsequent license renewal, followed by the Oconee Nuclear Station in 2025. The company revealed that it would seek the same extension for all 11 operating units across its nuclear fleet.
Steven Capps, Chief Nuclear Officer for Duke Energy Corporation (NYSE:DUK), stated:
“Extending the operating life of this proven asset helps us deliver low-cost, always-on electricity for customers while supporting jobs and energy security for the region. Robinson’s subsequent license renewal reflects the strength of our safety culture and the rigorous work our teams do every day to support our communities.”
Congressman Russell Fry (SC-07) also commented:
“For 50 years, Robinson Nuclear Plant has been the backbone of South Carolina’s nuclear fleet. The extension of its license is monumental for the Pee Dee and allows Duke Energy to continue providing affordable, reliable electricity to homes and businesses in the region. This renewal is a win for families in the Pee Dee, Robinson Nuclear Plant’s employees and Darlington County as a whole.”
7. The Southern Company (NYSE:SO)
Number of Hedge Fund Holders: 54
Next on our list of the Best Nuclear Energy Dividend Stocks is The Southern Company (NYSE:SO), one of the largest producers of electricity in the United States and the largest wholesale provider in the Southeast. The company is also an award-winning leader among the country’s nuclear energy operators.
On April 20, The Southern Company (NYSE:SO) raised its quarterly dividend by 2.7% to $0.76 per share, marking its 25th consecutive year of dividend increase. The dividend is payable on June 8 to all shareholders of record on May 18. The utility company has maintained a steady dividend history of 79 consecutive years and currently boasts an annual yield of 3.24%, putting it among the 15 Utility Stocks with Highest Dividends.
Chris Womack, Chairman, President, and CEO of The Southern Company (NYSE:SO), commented:
“Our success across Southern Company is a credit to the dedication of nearly 30,000 teammates focused on strengthening our communities and delivering the energy our customers expect and depend on. Increasing the dividend 25 years in a row represents a historic milestone for the company and underscores our focus on total shareholder return and our goal of delivering regular, predictable and sustainable value for shareholders. We are incredibly proud of our strong dividend track record, which continues to be an integral part of Southern Company’s long-term value proposition.”
The Southern Company (NYSE:SO) is targeting an adjusted EPS in the range of $4.50 to $4.60 for FY 2026, with expectations to grow it 7.7% in 2027 and then a further 9% in 2028. To keep up with the soaring power demand, the company also recently increased its capital investment plan to $81 billion over the next five years.
6. BWX Technologies, Inc. (NYSE:BWXT)
Number of Hedge Fund Holders: 64
BWX Technologies, Inc. (NYSE:BWXT) provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration. The company is also the sole manufacturer of naval nuclear reactors for US submarines and aircraft carriers.
BWX Technologies, Inc. (NYSE:BWXT) announced on April 20 that it had agreed to acquire Precision Components Group, a privately held manufacturer of complex, heavy-walled, and heat-transfer components in the United States. The deal also includes PCG’s subsidiaries Precision Custom Components and DC Fabricators.
The strategic acquisition will add over 500,000 square feet of US heavy-manufacturing capacity and a skilled workforce of over 400 employees to BWX Technologies, Inc. (NYSE:BWXT)’s portfolio, expanding the company’s footprint and commercial nuclear production capacity to serve the rising domestic demand.
PCG generated a revenue of approximately $125 million last year. The company will now join BWXT’s Commercial Operations segment and continue operating at its current facilities.
John MacQuarrie, President of Commercial Operations at BWX Technologies, Inc. (NYSE:BWXT), commented:
“PCG brings exceptional technical expertise, deep manufacturing capability and a highly skilled workforce to BWXT. This acquisition builds on BWXT’s strong performance in the commercial nuclear industry and represents an important first step as we establish U.S.-based commercial nuclear manufacturing capacity to meet the accelerating needs of U.S. commercial nuclear customers.”
BWX Technologies, Inc. (NYSE:BWXT) was also recently included in our list of the 10 Best AI Pick-and-Shovel Stocks to Buy.
While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about the cheapest AI stock.
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