5 Most Popular Green Energy Stocks Among Elite Hedge Funds

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

Number of Hedge Fund Holders: 55

NextEra Energy, Inc. (NYSE:NEE) is an American energy company that offers expertise in electric power, energy development, and renewable energy. NextEra Energy, Inc. (NYSE:NEE) supplies its services to customers across the United States and Canada.

On January 25, NextEra Energy, Inc. (NYSE:NEE) reported its fourth quarter results, posting earnings per share of $0.41, beating estimates by $0.01. The $5.05 billion revenue jumped 14.81% year-on-year, but missed estimates by $787.77 million. 

NextEra Energy, Inc. (NYSE:NEE) declared on February 18 a $0.425 per share quarterly dividend, a 10.4% increase from its prior dividend of $0.385. The dividend is payable on March 15, for shareholders of record on March 1. 

Mizuho analyst Paul Fremont lowered the price target on NextEra Energy, Inc. (NYSE:NEE) to $88 from $91 and kept a Buy rating on the shares on January 24. The analyst believes the recent underperformance of NextEra Energy, Inc. (NYSE:NEE) versus the group mostly reflects the stalled Build Back Better federal legislation rather than a fundamental change in growth prospects. He reduced the price target to reflect reduced market multiples.

Among the hedge funds tracked by Insider Monkey, 55 funds were bullish on NextEra Energy, Inc. (NYSE:NEE) in Q4 2021, up from 53 funds in the quarter earlier. Fisher Asset Management held the leading stake in NextEra Energy, Inc. (NYSE:NEE), with more than 15 million shares worth $1.40 billion. 

You can also take a look at 11 Best Delivery Stocks To Buy Now and 10 ESG Dividend Stocks to Buy.

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