#3 - NextEra Energy (NYSE:NEE)
At first glance, NextEra Energy Inc. (NYSE: NEE) is a somewhat boring utility stock, even if it’s the largest utility holding company in the United States. However, there’s a reason the company has been recognized as one of Forbes's Most Admired Companies.
That has to do with the company’s commitment to renewable energy. NextEra Energy is the nation’s largest producer of wind and solar energy, and also owns and operates seven nuclear power plants.
And NextEra is practicing what it preaches, having spent over $50 billion in an effort to achieve real zero (as opposed to net-zero) emissions by 2045.
In the past five years, NEE stock has delivered a total return of over 51%, including a dividend with a yield of over 3%. NextEra is a dividend aristocrat having increased its dividend for 31 consecutive years.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
More about NextEra Energy- Current Price
- $67.08
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $83.46 (24.4% Upside)
