In this article, we are going to discuss the 12 best nuclear power dividend stocks to buy now.
Nuclear energy is back in the spotlight after nearly two decades, especially after President Trump signed an executive order in May to quadruple America’s nuclear energy capacity to 400 GW by 2050 and then showered the industry with tax credits through his One Big Beautiful Bill. The strategic move is a part of the White House’s efforts to ensure the country’s energy security in the wake of a record rise in the demand for electricity, primarily due to the AI boom and its accompanying power-hungry data centers.
According to a recent report by Goldman Sachs, the global power demand from data centers is expected to increase by 165% by 2030, compared with 2023 levels. Nuclear energy has emerged as a leading candidate to meet this demand in the coming decade, primarily because it is reliable, scalable, and carbon-free.
The nuclear revolution has also garnered significant attention from Silicon Valley itself, with a number of tech giants like Meta and Amazon now signing long-term deals to ensure that they have ample energy available to power their advances in artificial intelligence and meet their climate goals. Microsoft has even recently joined the sector’s lobbying group, the World Nuclear Association.
This nuclear renaissance isn’t limited to the United States alone, as the International Atomic Energy Agency (IAEA) expects the global nuclear capacity to expand by up to 2.5 times by 2050.
With that said, here are the Best Nuclear Energy Dividend Stocks to Invest in.
Our Methodology
To collect data for this article, we referred to several stock screeners to find nuclear energy stocks with the most hedge fund investors in the Insider Monkey database as of the end of Q2 2025. Then we shortlisted the companies that have steady dividend policies. The following are the Best Nuclear Energy Dividend Stocks According to Hedge Funds.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12. Dominion Energy, Inc. (NYSE:D)
Number of Hedge Fund Holders: 29
Dominion Energy, Inc. (NYSE:D) provides regulated electricity and natural gas services in the United States. The company also operates several nuclear power stations in the country.
Dominion Energy, Inc. (NYSE:D) received a boost last week when Barclays analyst Nicholas Campanella raised the stock’s price target from $60 to $63, while maintaining an ‘Overweight’ rating on the shares. The analyst believes that the utility’s fundamentals are intact heading into the report for its third quarter.
Dominion Energy, Inc. (NYSE:D) continues to believe in the potential of nuclear power and reported this summer that it has received approval from the Nuclear Regulatory Commission to extend the operating license for its VC Summer Nuclear Station for an additional 20 years through 2062. The utility received a similar approval last year to extend the operating licenses for its North Anna nuclear power station in Virginia.
Dominion Energy, Inc. (NYSE:D) serves the world’s largest cluster of data centers in northern Virginia and is working to make sure it remains a winner in the AI boom. The company connected 15 new data centers last year, with plans for at least just as many more in 2025. To ensure it can keep up with the rapidly growing demand, Dominion updated its capital investment forecast from 2025 through 2029 to $50 billion, which should enable an EPS growth of 5% to 7% annually.
As of the writing of this piece, Dominion Energy, Inc. (NYSE:D) boasts a robust annual dividend yield of 4.41%, against an industry average of just around 3%. The company declared a payout of $0.6675 per share in July 2025.
11. Public Service Enterprise Group Incorporated (NYSE:PEG)
Number of Hedge Fund Holders: 39
Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services. The company is involved in nuclear energy through its subsidiary PSEG Power, which owns and operates merchant nuclear generating assets and provides fuel and energy management services.
Evercore ISI initiated coverage of Public Service Enterprise Group Incorporated (NYSE:PEG) last week, with an ‘In Line’ rating and a price target of $83. The analyst believes that the company has the potential to play a part in the PJM (Pennsylvania-New Jersey-Maryland Interconnection) data center buildout.
Public Service Enterprise Group Incorporated (NYSE:PEG) had a strong Q2 2025, beating expectations in both earnings and revenue. The company’s nuclear output also grew to 7,511 gigawatt-hours (GWh) during the quarter, compared to 7,007 GWh in the same period in 2024, and reached 15.9 TWh for the first half of this year.
Public Service Enterprise Group Incorporated (NYSE:PEG) is known for its commitment to shareholders, having paid dividends for 118 consecutive years. The company raised its quarterly dividend by 5% to $0.63 per share earlier this year, marking its 14th consecutive annual increase. As of the writing of this article, Public Service Enterprise Group Incorporated (NYSE:PEG) boasts an annual dividend yield of 3.08%.
10. The Southern Company (NYSE:SO)
Number of Hedge Fund Holders: 48
The Southern Company (NYSE:SO), through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also plays a leading role in the American nuclear energy sector and oversees eight reactors at three different facilities.
The Southern Company (NYSE:SO) gained momentum this week after Barclays raised the stock’s price target from $62 to $70, while keeping an ‘Equal Weight’ rating on its shares. The move comes as part of the analysts’ Q3 earnings preview of the utilities sector.
The Southern Company (NYSE:SO)’s Vogtle Units 3 and 4 stand out as the first commercial nuclear reactors built from scratch in the US in over thirty years. Moreover, one of Vogtle’s legacy reactors made headlines in 2024 when it ran at full capacity, becoming the first commercial reactor in America to run on next-generation fuel. This enables the utility to get more out of its existing reactors than in the past, marking a significant game-changer for the overall nuclear power sector.
The Southern Company (NYSE:SO) has built a solid reputation as a dividend-paying company, boasting a remarkable record of paying dividends for 78 consecutive years. Moreover, the utility has increased its payouts 24 years in a row, putting it among the Best Dividend Stocks for a Dividend Champions List. SO has an annual dividend yield of 3.08% as of the writing of this article.
