(NEE) NextEra Energy

Apr 7, 2022Trade Ideas

With fears of recession, investors may want to consider dividend-paying utility stocks.

After all, demand for utility services will always remain intact, even in the worst of times.

That’s one of the reasons NextEra is such a popular stock, since it provides a basic need service – electricity. Reportedly, the company is also making its way into green hydrogen—which could offer it exposure to a potential $12 trillion opportunity.

Earnings have also been solid.

“NextEra Energy was successful in executing our 2021 initiatives, ending the year with excellent financial and operational results,” said Jim Robo, chairman and CEO of NextEra Energy. “We grew adjusted earnings per share by more than 10% from 2020 and delivered a total shareholder return of more than 23%, significantly outperforming the S&P 500 Utilities Index and continuing to outperform both the S&P 500 and S&P 500 Utilities Index in terms of total shareholder return on a three-, five-, 10- and 15-year basis.”

At the moment, NEE carries a dividend yield of 1.97%.

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