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.
9. BWX Technologies, Inc. (NYSE:BWXT)
Number of Hedge Fund Holders: 52
Next on our list of the Best Nuclear Energy Dividend Stocks is BWX Technologies, Inc. (NYSE:BWXT), a leading supplier of nuclear components and fuel to the US government. The company specializes in manufacturing precision naval nuclear components, reactors, and fuel.
BWX Technologies, Inc. (NYSE:BWXT) received a boost last week after Deutsche Bank increased the stock’s price target from $159 to $180, while reiterating a ‘Hold’ rating on its shares. The update comes as part of the analyst’s Q3 earnings preview for the aerospace and defense group, as it remains bullish on the sector.
BWX Technologies, Inc. (NYSE:BWXT) continues to profit from the Trump administration’s aggressive focus on nuclear self-sufficiency and revealed last month that it has been awarded a $1.6 billion contract by the Department of Energy to support the national security mission of establishing a supply of high-purity depleted uranium.
Moreover, BWX Technologies, Inc. (NYSE:BWXT)’s radiopharma business also makes it an attractive option for investors, as according to William Blair analyst Jed Dorsheimer, ‘the success of Novartis’ Pluvicto has brought attention to the sector and highlighted the lack of supplier scale for the critical isotopes’.
BWX Technologies, Inc. (NYSE:BWXT) raised its dividend by 4.2% earlier this year to $1 per share annualized and has an annual dividend yield of 0.51% as of the writing of this article.
Artisan Partners, an investment management company, stated the following about BWX Technologies, Inc. (NYSE:BWXT) in its second quarter 2025 investor letter:
“During the quarter, we initiated new GardenSM positions in RBC Bearings, BWX Technologies, Inc. (NYSE:BWXT) and Duolingo. BWX Technologies designs and manufactures nuclear reactor vessels and components for the US Navy and commercial markets. It has the only Nuclear Regulatory Commission Category 1-licensed facilities permitted to handle, store and process highly enriched uranium in the US. This exclusivity gives it a dominant position across both business segments. It maintains a monopoly on nuclear reactors and fuel for US submarines and aircraft carriers, and it offers a differentiated portfolio of heavy nuclear components. The build schedule for US Navy submarines and aircraft carriers provides long-term visible growth, which we expect to be enhanced by upcoming investments by Canada into refurbishing, expanding and building nuclear power plants. In addition, the Trump administration’s stated desire to accelerate US nuclear energy development could become a catalyst for growth.”
8. Duke Energy Corporation (NYSE:DUK)
Number of Hedge Fund Holders: 57
Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company operates 11 nuclear units at six sites in the Carolinas, representing the company’s largest and most reliable source of carbon-free generation.
Duke Energy Corporation (NYSE:DUK)’s business model generates very stable cash flows backed by government-regulated rate structures, allowing it to pay dividends for 99 consecutive years as of mid-2025. The company declared a quarterly dividend of $1.065 per share this week and boasts an attractive annual dividend yield of 3.33%.
Moreover, Barclays analyst Nicholas Campanella updated the firm’s price target for Duke Energy Corporation (NYSE:DUK) this week, raising it from $131 to $135, while maintaining an ‘Overweight’ rating on its shares. The update is part of the analyst’s preview of the third quarter for the utilities sector.
7. Entergy Corporation (NYSE:ETR)
Number of Hedge Fund Holders: 64
Entergy Corporation (NYSE:ETR) is an integrated energy company that provides electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. The company also owns, operates, and supports a fleet of five reactors in the United States with a generation capacity of approximately 5 GW. With a renewed global spotlight on nuclear energy, the utility is looking to expand its nuclear power output by upgrading its existing plants across the country.
Entergy Corporation (NYSE:ETR) garnered increased investor attention this week after BMO Capital raised the stock’s price target from $96 to $104, while keeping an ‘Outperform’ rating on its shares. The analyst expects the company to feature a constructive plan in its Q3 results, including load growth, investment opportunities, rate base, financing, etc.
Entergy Corporation (NYSE:ETR) hit an all-time high last week after it was announced that the utility will power Google’s planned $4 billion technology investment in Arkansas. The facility will be powered by Entergy’s existing portfolio and transmission grid, further bolstered by a new 600 MW solar project and backed by a 350 MW battery storage system located in Jefferson County.
As of the writing of this piece, Entergy Corporation (NYSE:ETR) boasts an annual dividend yield of 2.48%.
6. NextEra Energy, Inc. (NYSE:NEE)
Number of Hedge Fund Holders: 66
With a market cap of over $174 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.
Jeffries raised its price target for NextEra Energy, Inc. (NYSE:NEE) this week from $77 to $85, while reiterating a ‘Hold’ rating on its shares. As we head into the Q3 earnings season, the analyst expects ‘an avenue’ for the company’s 8% growth to extend well beyond 2030, but it involves ‘above-average risk for only modestly better growth’.
NextEra Energy, Inc. (NYSE:NEE) has increased its dividend at an impressive CAGR of around 10% over the last two decades, contributing to an overall annual return exceeding 15%. The company has raised its payouts for 29 consecutive years and intends to continue this momentum, with aims to raise its dividend by about 10% per year through at least 2026.
NextEra Energy, Inc. (NYSE:NEE) was recently included in our list of the 12 Reliable Dividend Stocks for Maximum Income.
5. Cameco Corporation (NYSE:CCJ)
Number of Hedge Fund Holders: 77
Next on our list of the Best Nuclear Power Dividend Stocks is Cameco Corporation (NYSE:CCJ), one of the largest global providers of uranium fuel to power the ongoing nuclear energy renaissance. The company has a licensed capacity of more than 30 million pounds of uranium concentrates annually, backed by more than 457 million pounds of proven and probable mineral reserves.
Cameco Corporation (NYSE:CCJ) shot up to its all-time high this week after Raymond James recently raised the stock’s price target from C$118 to C$130, while keeping an ‘Outperform’ rating on its shares. As of the writing of this piece, the share price of CCJ has surged by more than 78% since the beginning of 2025.
With nuclear energy back in the spotlight, uranium prices are up by around 25% since March. The nuclear fuel received a significant push, especially after a recent statement by US Energy Secretary Chris Wright that the country is looking to boost its strategic uranium reserves to buffer against Russian supplies.
Cameco Corporation (NYSE:CCJ) also remains committed to its shareholders and has never missed a dividend payment since its IPO in 1991.
4. PG&E Corporation (NYSE:PCG)
Number of Hedge Fund Holders: 77
PG&E Corporation (NYSE:PCG) provides natural gas and electric service to residential and business customers in northern and central California. The company also owns the Diablo Canyon Power Plant – the only operational nuclear power plant in the Golden State.
PG&E Corporation (NYSE:PCG) received a lift this week after BMO Capital raised its price target on the stock from $23 to $25, up by over 50% from its current share price as of the writing of this piece. The firm also maintained its ‘Outperform’ rating on the utility’s shares.
The analyst is of the opinion that PCG is trading at a significant discount despite having excellent EPS and rate base growth. Moreover, the company has several potential catalysts to realize multiple expansion, including an upgrade to an investment-grade rating and a growing dividend yield that should drive multiple expansion.
PG&E Corporation (NYSE:PCG) is aiming for EPS growth of 10% this year and at least 9% each year from 2026 through 2028. Moreover, the company continues to target reaching a 20% dividend payout by 2028.
3. Constellation Energy Corporation (NASDAQ:CEG)
Number of Hedge Fund Holders: 79
Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US, with over 32.400 MW of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. The utility is the largest producer of nuclear energy in the US by a wide margin, over three times more than its closest competitor.
Constellation Energy Corporation (NASDAQ:CEG) hit a fresh high this week after Seaport Research analyst Angie Storozynski upgraded the stock to ‘Buy’ from ‘Neutral’ while assigning it a price target of $407, up 4.7% from its current all-time high.
The analyst expects Constellation’s blockbuster merger with Calpine to close within the next month and prefers to be long into its post-merger earnings, since cash flows of thermal IPPs are growing due to higher power and capacity prices, lower interest rates, and no cash taxes. Therefore, the analyst expects more datacenter power deal announcements, additional M&A activity, as well as positive earnings revisions for thermal independent power producers before the end of 2025.
2. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 106
GE Vernova Inc. (NYSE:GEV) brings together General Electric’s portfolio of energy businesses, including Power, Wind, Electrification, and Digital businesses. The company’s nuclear business, GE Vernova Hitachi Nuclear Energy (GVH), is a world-leading provider of advanced reactors, fuel, and nuclear services.
GE Vernova Inc. (NYSE:GEV) shot up by more than 7% this Monday after Susquehanna analyst Charles Minervino raised the stock’s price target from $736 to $740, while keeping a ‘Positive’ rating on its shares. The move comes as the analyst firm updated its estimates and price targets in the alternative energy space ahead of the reports for the third quarter.
Mr. Minervino modified his estimates on the back of recent legislative developments that he believes work in favor of GE Vernova Inc. (NYSE:GEV), particularly the certain provisions that were kept in the Inflation Reduction Act, such as the preservation of tax credits for qualifying work. Moreover, GEV’s domestic manufacturing and ‘robust’ backlog have also put it in the good books of Susquehanna.
GE Vernova Inc. (NYSE:GEV) declared a quarterly dividend of $0.25 per share last month, payable on November 17 to shareholders of record as of October 20, 2025.
1. Vistra Corp. (NYSE:VST)
Number of Hedge Fund Holders: 111
Topping our list of the Best Nuclear Energy Dividend Stocks is Vistra Corp. (NYSE:VST), the largest competitive power generator in the US with a capacity of approximately 41 GW, powered by a diverse portfolio that includes natural gas, coal, nuclear, solar, and battery energy storage facilities. The company owns the second-largest competitive nuclear power fleet in the US, with the aim of adding over 600 MW to its existing nuclear capacity by the early to mid-2030s.
Vistra Corp. (NYSE:VST) received a boost last week after Seaport Research raised its price target on the stock from $220 to $242, while reiterating a ‘Buy’ rating on the shares. The analyst firm notes that the cash flows of thermal IPPs are growing due to higher power and capacity prices, lower interest rates, and no cash taxes. Moreover, it expects announcements of more datacenter power deals before the end of the year, along with additional M&A activity and positive earnings revisions for thermal independent power producers.
Vistra Corp. (NYSE:VST) has returned over $6.5 billion to its shareholders through share repurchases and dividends since the fourth quarter of 2021. The company expects to return approximately another $1.8 billion through the end of next year.
While we acknowledge the potential of VST to grow, 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 VST and that has 100x upside potential, check out our report about this cheapest AI stock.
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