12 Best Nuclear Power Stocks to Buy Now

5. PG&E Corporation (NYSE:PCG)

Number of Hedge Fund Holders: 74

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to residential and business customers in northern and central California. The Diablo Canyon Power Plant, the only operational nuclear power plant in the Golden State, is a major source of clean energy for the company.

PG&E Corporation (NYSE:PCG) reported core EPS for Q4 of $0.31, bringing it to $1.36 for the full year 2024, up 11% from 2023. However, the company’s revenue declined by 5.82% YoY during the quarter and missed market expectations by over $587 million. PG&E’s operating cash flow of $8 billion in 2024 was also significantly up from $4.7 billion in 2023. The company announced an annual dividend rate of $0.10 per share for 2025, up from $0.04 last year. Moreover, it is targeting to reach a dividend payout ratio of 20% of its core earnings per share by 2028 with consistent annual increases.

The stock of PG&E Corporation (NYSE:PCG) fell sharply in January 2025 following the devastating wildfires in California. However, the decline appears to be an overreaction as the company had no direct exposure to the fire zones and no confirmed liability. In fact, PG&E announced in its 2024 earnings call that it has achieved a second consecutive year of zero major wildfires caused by its equipment.