5 Best Utility Dividend Stocks To Buy

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

Number of Hedge Fund Holders: 59

NextEra Energy, Inc. (NYSE:NEE) tops our list of the best dividend stocks from the utility sector. The renewable energy company has been growing its dividends consistently for the past 27 years and currently pays a quarterly dividend of $0.4675 per share. The stock’s dividend yield on June 20 came in at 2.49%.

As of the close of Q1 2023, 59 hedge funds tracked by Insider Monkey owned investments in NextEra Energy, Inc. (NYSE:NEE), worth collectively over $1.11 billion.

Follow Nextera Energy Inc (NYSE:NEE)

You can also take a look at 10 Companies That Announced Huge Share Buybacks and 11 Best Hydrogen and Fuel Cell Stocks To Buy

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