5 Best Utility Stocks to Buy Now

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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 utility stocks to buy now. It is an American energy company with generating capacity reaching 58 GW. The company is the largest generator of renewable energy from wind and sun. 

This July, Credit Suisse assumed its coverage on NextEra Energy, Inc. (NYSE:NEE) with an ‘Outperform’ rating and an $85 price target.

NextEra Energy, Inc. (NYSE:NEE) has a track record of 26 years of consistent dividend growth. The company pays an annual dividend of $1.54 per share, yielding 1.98%. 

Of the 873 hedge funds tracked by Insider Monkey, 59 hedge funds have positions in NextEra Energy, Inc. (NYSE:NEE) in Q2, compared with 63 in the previous quarter. The total value of these stakes is over $2.6 billion. Fisher Asset Management is the company’s leading shareholder, with shares valued at $1.03 billion. 

You can also take a look at Top 10 Electric Utility Dividend Stocks to Buy and 10 Best Electric Utility Stocks to Buy Now

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