5 Most Profitable Utility Stocks Now

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

Latest TTM Net Income: $7.6 billion

NextEra Energy, Inc. (NYSE:NEE) is a Florida based utility providing power to more than ten million people. Its shares are rated Buy on average and analysts have set an average share price target of $72.74.

For their third quarter of 2023 investments, 58 out of the 910 hedge funds profiled by Insider Monkey were NextEra Energy, Inc. (NYSE:NEE)’s shareholders. Ken Fisher’s Fisher Asset Management was the biggest shareholder due to its $560 million stake.

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