10 Best Nuclear Energy Stocks to Buy According to Billionaires

8. Public Service Enterprise Group Incorporated (NYSE:PEG)

Number of Billionaire Holders: 10

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.

Public Service Enterprise Group Incorporated (NYSE:PEG)’s Q4 2024 revenue of $2.47 billion was down 5.47% YoY and missed expectations by $73.6 million. However, the company’s adjusted EPS of $0.84 was slightly above market estimates by $0.01. PEG’s FY 2024 adjusted EPS came in at $3.68, marking the twentieth consecutive year that the utility company has met or exceeded its adjusted operating earnings guidance to investors.

Public Service Enterprise Group Incorporated (NYSE:PEG) is also included among the 10 Safest Dividend Stocks to Buy Now. The company has paid dividends to its shareholders for 118 consecutive years and recently announced a quarterly dividend of $0.63 per share. PEG boasts a current annual dividend yield of 3.11%.

Public Service Enterprise Group Incorporated (NYSE:PEG) continues to invest in nuclear energy and finalized an agreement with Lotus Resources in January. The utility company has now secured the purchase of at least 2.3 million pounds of uranium from the Kayelekera Uranium Project in Malawi, covering the period from 2026 to the end of 2032.