#7 - NextEra Energy (NYSE:NEE)
NextEra Energy (NYSE: NEE) - Utility stocks have long been the cornerstone of the buy-and-hold investors. And because they pay consistent dividends, they are a logical choice for a retirement portfolio. But in investing, as in life, you get what you pay for, which brings us to NextEra Energy. In terms of market capitalization, NEE is the largest electric utility in the United States. “But wait,” you're thinking. “If it's got such a high market cap, it's got to be overvalued, right?” In the case of NextEra Energy, the answer is not according to the numbers. The company's stock is up 30% on a year-over-year basis and it is currently trading just off its record high. Its service area is southern Florida which continues to show rapid growth. And looking ahead, its 21x forward P/E multiple is a bit high, but not for a category leader. The company currently provides a 2.7% dividend yield which is another attractive feature for investors.
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.
Read More - Current Price
- $76.00
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $86.85 (14.3% Upside)
