5 High Sharpe Ratio Dividend Stocks in the S&P 500

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

Number of Hedge Fund Holders: 59
Dividend Yield: 1.9%
Sharpe Ratio: 1.7

NextEra Energy, Inc. (NYSE: NEE), an electric utility company, is next and last on our list of high Sharpe ratio dividend stocks in the S&P 500, ranking 1st. The company generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America.

Maheep Mandloi, an analyst at Credit Suisse, holds an Outperform rating on shares of NextEra Energy, Inc. (NYSE: NEE) as of this July. The analyst also placed an $85 price target on the stock at the same time.

In the second quarter of 2021, NextEra Energy, Inc. (NYSE: NEE) had an EPS of $, beating estimates by $. The company’s revenue was $, up % year over year and beating estimates by $. NextEra Energy, Inc. (NYSE: NEE) has gained 10.41% in the past 6 months and 12.92% year to date.

By the end of the second quarter of 2021, 59 hedge funds out of the 873 tracked by Insider Monkey held stakes in NextEra Energy, Inc. (NYSE: NEE) worth roughly $2.7 billion. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.

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