10 Best Long Term Stocks to Buy According to Billionaires

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

Number of Billionaire Holders: 17

NextEra Energy, Inc. (NYSE:NEE) ranks seventh on our list of the best dividend stocks according to billionaires. The company runs one of the largest electric utilities in the US, Florida Power & Light, which benefits from stable, government-regulated rates and consistent electricity demand—resulting in dependable cash flow. Alongside that, the company owns a significant portfolio of energy infrastructure through NextEra Energy Resources, supported by long-term, fixed-rate contracts. Together, these operations generate resilient cash flow that holds up well even during economic slowdowns.

In the fourth quarter of 2024, NextEra Energy, Inc. (NYSE:NEE) delivered mixed results. Adjusted earnings per share came in at $0.53, in line with expectations, but revenue fell short—dropping 21.7% year-over-year to $5.39 billion, missing forecasts by $2.53 billion. Despite this, NextEra still managed to grow its full-year 2024 adjusted EPS by over 8% compared to the previous year. Since 2021, the company has maintained a compound annual EPS growth rate of over 10%, leading among the top 10 power producers.

With $13.2 billion in operating cash flow for fiscal 2024, NextEra Energy, Inc. (NYSE:NEE) remains a strong option for income-focused investors. It also plans to increase its dividend per share by roughly 10% each year through 2026. In February, the company raised its quarterly dividend by 10% to $0.5665 per share, marking its 29th straight year of dividend growth. As of April 15, the stock has a dividend yield of 3.35%.