10 Best Income Stocks to Invest in Now

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

Number of Hedge Fund Holders: 84

NextEra Energy, Inc. (NYSE:NEE) is a Florida-based leading force in the renewable energy industry. The company operates Florida Power & Light (FPL), one of the largest electric utilities in the country, and oversees a major global renewable energy business through NextEra Energy Resources. These core operations generate reliable cash flow, enabling the company to fund dividends and invest in long-term growth opportunities.

In the first quarter of 2025, NextEra Energy, Inc. (NYSE:NEE) delivered strong financial performance, with revenue climbing to $6.25 billion, up 9% from the same period a year earlier. Adjusted earnings per share also grew by nearly 9% year-over-year, a solid result for a utility company. This momentum was fueled by robust results from both FPL and the renewable energy segment. FPL alone contributed $1.3 billion in adjusted net income, or $0.64 per share—an increase of over 12% from the prior year. The company remains focused on targeted capital investments to address Florida’s growing energy needs while keeping electricity rates reasonable.

NextEra Energy, Inc. (NYSE:NEE) also ended the quarter in a strong financial position, with more than $2.4 billion in cash and cash equivalents and $2.77 billion in operating cash flow, reinforcing its reputation as a dependable dividend payer. The company holds a 29-year track record of dividend growth, which makes it one of the best income stocks. Currently, it offers a quarterly dividend of $0.5665 per share and has a dividend yield of 3.22%, as of May 9.