12 Best Nuclear Power Stocks to Buy Now

9. Dominion Energy, Inc. (NYSE:D)

Number of Hedge Fund Holders: 39

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 also operates several nuclear power stations in the country.

Dominion Energy, Inc. (NYSE:D) reported mixed earnings in Q4 2024 with an operating EPS of $0.58 per share, topping estimates by $0.03. However, the company’s revenue declined by 3.8% YoY to $3.4 billion and missed expectations by almost $541 million. Dominion narrowed its 2025 operating EPS forecast to between $3.28 and $3.52, compared with a range of $3.25 to $3.54 it had projected before. The company also declared that it expects to maintain the current dividend level of $2.67 per share annually.

Dominion Energy, Inc. (NYSE:D) recently raised its five-year capital expenditure plan as it seeks to cash in on the growing power demand from a rise in data centers across the US. The company expects to spend $50.1 billion in the 2025 to 2029 period, up from its previous guidance of $43.2 billion. Dominion announced in October last year that it had signed an MoU with Amazon to explore developing a small modular reactor near the utility’s North Anna nuclear station in Louisa County, Virginia.