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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

NextEra Energy (NEE): Among the Best Utility Stocks to Buy According to Analysts

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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80% Informative

Utility stocks represent companies primarily engaged in providing electricity, natural gas, and water distribution services.

These companies are characterized by stable revenue streams, regulated operations, and often predictable earnings.

Utility stocks are typically low-growth, as they operate in mature and well-established markets that only grow according to demographic trends.

With the broader market currently entering its first death-cross since 2022 , the question of hedging one’s portfolio with defensive stocks becomes increasingly more relevant.

NextEra Energy, Inc. ( NYSE : NEE ) is a leading clean energy company that provides regulated electricity to approximately 5.9 million customer accounts across Florida .

The company is also the world’s largest generator of renewable energy from wind and solar sources.

NEE ranks 6th on our list of best utility stocks to buy according to analysts.