In this article, we will take a look at the 5 Best Nuclear Energy Stocks to Buy for Dividends. For a deeper discussion and analysis, please refer to the 10 Best Nuclear Energy Stocks to Buy for Dividends.
5. NextEra Energy, Inc. (NYSE:NEE)
Number of Hedge Fund Holders: 72
With a market cap of over $200 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.
NextEra Energy, Inc. (NYSE:NEE) soared to an all-time high after reporting its Q1 2026 earnings on April 23. The company posted an adjusted EPS of $1.09 for the quarter, exceeding estimates by $0.06, while its profit also surged by almost 162% YoY to $2.18 billion. However, the utility’s revenue of $6.7 billion fell below consensus by $390 million, despite a YoY growth of over 7%.
NextEra Energy Resources, the company’s renewables and storage unit, had a record quarter with 4 GW of new renewable and storage projects added to its backlog. NEE’s total backlog now stands at about 33 GW.
NextEra Energy, Inc. (NYSE:NEE) maintained its 2026 target of adjusted EPS in the range of $3.92 to $4.02 per share, up from $3.71 per share achieved last year. Then it is further expected to grow this 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 reaffirmed its target to grow its dividends per share at a roughly 10% rate per year through 2026, off a 2024 base, and 6% per year from year-end 2026 through 2028.
NextEra Energy, Inc. (NYSE:NEE) was also recently included in our list of the 8 Best Wind Power and Solar Stocks to Buy Right Now.
4. 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 24, Evercore ISI resumed coverage of Constellation Energy Corporation (NASDAQ:CEG) with an ‘Outperform’ rating and a price target of $380, indicating an upside potential of over 21% from the current share price.
The analyst highlighted Constellation Energy Corporation (NASDAQ:CEG)’s blockbuster $26.6 billion acquisition of Calpine, which it completed in January this year. The combined platform now boasts 55 gigawatts of capacity from zero- and low-emission sources, including nuclear, natural gas, and geothermal. According to the management’s estimates, this represents an approximate 10% share of the total clean energy produced in the US.
Constellation Energy Corporation (NASDAQ:CEG) is targeting adjusted earnings of $11-$12 per share for FY 2026. The company has forecasted a base earnings CAGR of 20% during 2026-29, with growth capital expenditures amounting to $3.9 billion. Moreover, the utility also increased its share repurchase plan to $5 billion last month.
3. Cameco Corporation (NYSE:CCJ)
Number of Hedge Fund Holders: 82
Cameco Corporation (NYSE:CCJ) operates globally, producing uranium and nuclear fuel products for the generation of clean, safe, and reliable electricity.
On April 21, CIBC slightly trimmed its price target on Cameco Corporation (NYSE:CCJ) from C$202 to C$200, while maintaining an ‘Outperformer’ rating on the shares. The revised target, which still represents an upside of almost 20% from the current levels, comes as the analyst firm updates its targets in the gold and base metals group as part of a Q1 preview.
Similarly, earlier on April 20, the analysts over at William Blair also initiated Cameco Corporation (NYSE:CCJ) with an ‘Outperform’ rating, while assigning the stock a fair value estimate of $165 per share.
The analyst firm highlighted Cameco Corporation (NYSE:CCJ)’s status as the second-largest uranium producer in the world, with the company giving investors exposure to the entire value chain, from uranium ore mining to the nuclear reactor core. Moreover, William Blair sees Cameco’s 49% ownership of Westinghouse Electric Company as a significant advantage, with upside from each new reactor and a “demand flywheel for more nuclear fuel products.”
2. 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 21, Morgan Stanley analyst David Arcaro lowered the firm’s price target on Vistra Corp. (NYSE:VST) from $214 to $208, but maintained its ‘Overweight’ rating on the shares. The target cut, which still indicates an upside of over 26% from the current price levels, comes as the analyst firm updated its estimates for the Regulated & Diversified Utilities / IPPs in North America under its coverage.
Morgan Stanley highlighted the utilities sector’s strong performance, which surged by 16.4% in March, comfortably outperforming the gains of 9.6% posted by the overall S&P 500 during the month.
Vistra Corp. (NYSE:VST) is targeting to generate more than $10 billion of cash through year-end 2027. The company’s adjusted free cash flow before growth is expected to exceed $12.5 per share for 2026, and then surge to around $16 per share following additional actions, including the Cogentrix acquisition and Meta agreements.
1. GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 115
Topping our list of the Best Nuclear Energy Stocks for Dividends is GE Vernova Inc. (NYSE:GEV). The company engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa. Its nuclear business, GE Vernova Hitachi Nuclear Energy, is a world-leading provider of advanced reactors, fuel, and nuclear services.
GE Vernova Inc. (NYSE:GEV) hit a new high after reporting strong results for its Q1 2026 on April 22, with the company beating expectations in both earnings and revenue. Adjusted EBITDA for the quarter grew by 87% YoY to $896 million, while net profit also skyrocketed to $4.75 billion, up from $264 million in the year-ago period. Notably, GEV’s free cash flow of $4.8 billion in the quarter was more than the full year 2025.
GE Vernova Inc. (NYSE:GEV) booked orders of $13 billion in the first quarter, with the company now expecting to reach $200 billion in backlog in 2027, versus its previous forecast of 2028. Given the impressive results, the firm raised its FY 2026 revenue to $44.5-$45.5 billion, up from $44-$45 billion previously. Moreover, it also bumped up its free cash flow guidance for the year to between $6.5 billion and $7.5 billion, up from its previous forecast of $5 billion to $5.5 billion.
While we acknowledge the potential of GEV 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 GEV and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 10 Best Global Stocks to Buy According to Wall Street Analysts and 8 Best Wind Power and Solar Stocks to Buy Right Now
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
