5 Most Profitable Utility Stocks Now

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

Net Income (TTM) as of December 31, 2022: $4.147 billion

NextEra Energy, Inc. (NYSE:NEE) ranks #1 on our list of 12 Most Profitable Utility Stocks Now with net income of $4.147 billion in 2022. The utility owns Florida Power & Light Company which provides electricity to over 12 million people across Florida. Furthermore, NextEra Energy, Inc. (NYSE:NEE) also owns a clean energy business, “NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin.”

ClearBridge Investments commented on NextEra Energy, Inc. (NYSE:NEE) in a Q3 2022 investor letter,

NextEra Energy, Inc. (NYSE:NEE) is an integrated utility business with a regulated utility operating in Florida and the largest wind business in the U.S. NextEra’s regulated business includes Florida Power & Light, which serves nine million people in Florida. NextEra’s share price rose along with the passage of the U.S. Inflation Reduction Act, which considerably expands support for renewable energy.

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