10 Best Energy Dividend Stocks To Buy Right Now

4. NextEra Energy, Inc. (NYSE:NEE)

Number of Hedge Fund Holders: 69

NextEra Energy, Inc. (NYSE:NEE) is an American renewable energy company. Its adjusted earnings per share (EPS) grew by approximately 2% year-over-year in the fourth quarter of 2024, while for the full year, it saw an 8.2% increase. The company is aiming for adjusted EPS growth of 6% to 8% through 2027, meaning it achieved the upper end of its target in 2024.

Both of its segments—utility and renewable energy—contributed to NextEra Energy, Inc. (NYSE:NEE)’s performance in 2024. The company owns the largest electric utility in the US, Florida Power & Light Company, and is the world’s largest producer of wind and solar energy, as well as a global leader in battery storage.

NextEra Energy, Inc. (NYSE:NEE) has a strong foundation and is also home to one of the largest global portfolios of solar and wind power assets. This segment has gained from the global move away from fossil fuels towards cleaner, renewable energy. With the ongoing shift to renewable power, the company is well-equipped for continued growth in the coming decades. In the past 12 months, the stock has surged by over 21%.

NextEra Energy, Inc. (NYSE:NEE) is a strong dividend payer thanks to its stable cash position. In FY24, the company generated over $13.2 billion in operating cash flow. In addition, the company expects to increase its dividends per share by approximately 10% annually through at least 2026, starting from a 2024 base. It currently offers a quarterly dividend of $0.515 per share and has a dividend yield of 3.02%, as of February 8. With a dividend growth streak of 28 years under its belt, NEE is one of the best dividend stocks from the energy sector.

Of the 900 hedge funds tracked by Insider Monkey at the end of Q3 2024, 69 funds held stakes in NextEra Energy, Inc. (NYSE:NEE), compared with 73 in the previous quarter. The consolidated value of these stakes is more than $2.47 billion. Rajiv Jain’s GQG Partners was the company’s leading stakeholder in Q3.