12 Safest Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 69  

NextEra Energy, Inc. (NYSE:NEE) transmits, distributes, and sells electric power to retail and wholesale customers in North America. There are multiple reasons that contribute to the appeal of this company as an investment. To start with, the company’s exceptional financial performance is illustrated in the report for the fourth quarter of 2024. For instance, the company expects to grow its dividends per share at a roughly 10% rate per year through at least 2026, off a 2024 base. Moreover, the company has also demonstrated impressive dividend growth, with 29 consecutive years of increases, outperforming the sector median of 10 years by 190%. Additionally, the company has maintained 35 consecutive years of dividend payments, exceeding the sector median of 24.8 years by 41%, reflecting long-term commitment to shareholders and its ability to deliver valuable returns over an extended period. The company has announced a joint development agreement that will accelerate the development of up to 4.5 gigawatts (GW) of new solar generation and energy storage projects.