In this article, we will discuss the 5 nuclear energy stocks that billionaires are loading up on. To read the details about the nuclear energy industry and upcoming technologies, you can go to the 10 Nuclear Energy Stocks Billionaires Are Loading Up On.
5. Exelon Corporation (NASDAQ:EXC)
Number of Hedge Fund Holders: 32
Number of Billionaire Investors: 9
Exelon Corporation (NASDAQ:EXC) is an American utility company that operates 21 nuclear reactors generating 17,800 megawatts. The company provides electricity and natural gas to nearly 10 million customers.
In the first quarter, Point72 Asset Management and Millennium Management increased their stake in Exelon Corporation (NASDAQ:EXC) by 16% and 54%, respectively. Additionally, billionaire Jeffrey Talpins’ Element Capital Management added the company to its portfolio with 120,200 shares worth $5.035 million. 32 hedge funds held Exelon Corporation’s (NASDAQ:EXC) stake in Q1 2023 at a combined value of $1.12 billion.
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Follow Exelon Corp (NYSE:EXC)
4. Duke Energy Corporation (NYSE:DUK)
Number of Hedge Fund Holders: 40
Number of Billionaire Investors: 11
Duke Energy Corporation (NYSE:DUK) is an American electric power company with a peak generation capacity of over 58,000 megawatts. The company operates 11 nuclear units that can generate 10,700 megawatts.
Billionaire Ken Griffin’s Citadel Investment Group upped its stake in Duke Energy Corporation (NYSE:DUK) by 98% in Q1 2022 to 470,502 shares worth $45.389 million. In the same quarter, Jeffrey Talpins’ Element Capital Management added the company to its portfolio with 97,792 shares, valued at $9.43 million.
Duke Energy Corporation’s (NYSE:DUK) shares were held by 40 hedge funds at a combined value of $571.786 million in Q1 2022, compared to 33 hedge funds with a combined investment worth $495.101 million in the previous quarter.
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Follow Duke Energy Corp (NYSE:DUK)
3. Cameco Corporation (NYSE:CCJ)
Number of Hedge Fund Holders: 49
Number of Billionaire Investors: 13
Cameco Corporation (NYSE:CCJ) is a Canadian mining company. It is one of the biggest uranium producers in the world accounting for almost 17% of the global production. The company has operations in North America and Kazakhstan. One of Cameco Corporation’s (NYSE:CCJ) operating areas is the McArthur River Uranium Mine which is the world’s largest high-grade uranium deposit.
In the first quarter of 2023, billionaire Steve Cohen’s Point 72 Asset Management increased its holdings in Cameco Corporation (NYSE:CCJ) by 193% to 1.3 million shares worth $34.517 million. D E Shaw also increased its stake in the company by 1293% to 1.18 million shares worth $31.011 million.
Cameco Corporation’s (NYSE:CCJ) most prominent hedge fund holder in Q1 2023 was Rubric Capital Management which increased its holdings in the company by 1777% to 4.69 million shares worth $122.76 million.
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Follow Cameco Corp (NYSE:CCJ)
2. Constellation Energy Corporation (NASDAQ:CEG)
Number of Hedge Fund Holders: 53
Number of Billionaire Investors: 14
Constellation Energy Corporation (NASDAQ:CEG) is a Maryland-based energy company with 23 nuclear generating units, producing 20,895 megawatts. In Q1, Viking Global and Point72 Asset Management added the company to their portfolio with $160.74 million and $14.50 million worth of shares, respectively. Ken Griffin’s Citadel Investment Group increased its holdings in Constellation Energy Corporation (NASDAQ:CEG) by 941% to over 1.35 million shares worth $106.306 million.
In Q1, 53 hedge funds held a position in Constellation Energy Corporation (NASDAQ:CEG) at a combined value of $2.51 billion, compared to 51 funds with a total stake value worth $24.36 billion in the previous quarter. By the end of Q1, Orbis Investment Management owned over 5.4 million of the company shares worth $424.354 million, making it the most prominent hedge fund holder of Constellation Energy Corporation (NASDAQ:CEG).
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Follow Constellation Energy Corp
1. NextEra Energy, Inc. (NYSE:NEE)
Number of Hedge Fund Holders: 59
Number of Billionaire Investors: 12
NextEra Energy, Inc. (NYSE:NEE) is a Florida-based utility company providing electricity and natural gas. Among its fleet of energy-generating resources, the company owns seven operating nuclear units.
In the first quarter of 2023, Element Capital Management and PEAK6 Capital Management NextEra Energy, Inc. (NYSE:NEE) to their portfolio with 243,576 shares worth $18.77 million and 87,113 shares worth $6.71 million. Mario Gabelli’s GAMCO Investors and Cliff Asness’ AQR Capital Management increased their holdings in NextEra Energy, Inc. (NYSE:NEE) by 13% and 15%, respectively. Moreover, Citadel Investment Group increased its stake in the company by 27105% to 1.58 million shares worth $122.102 million.
Follow Nextera Energy Inc (NYSE:NEE)
Follow Nextera Energy Inc (NYSE:NEE)
You can also take a look at the 10 Warren Buffett Stocks Other Billionaires Are Loading Up On and the 10 Internet of Things (IoT) Stocks Billionaires Are Loading Up On.
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