10 Most Profitable Utility Stocks to Buy Now

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

Net Profit Margin: 23.02%

NextEra Energy, Inc. (NYSE:NEE) runs a regulated electric utility in Florida. Moreover, it owns and runs electricity transmission lines, renewable energy projects, and natural gas pipelines that produce steady revenue supported by long-term, fixed-rate contracts. These companies provide the firm with consistent cash flow so that it can spend on growing its utility business and pay its dividend. The net profit margin has also jumped by 23.02%, making it one of the Best Utility Stocks.

NextEra Energy, Inc. (NYSE:NEE) is spending billions of dollars to grow its sustainable energy and utilities businesses. A significant long-term growth engine should be the utility’s Real Zero goal, which seeks to eliminate carbon emissions from its activities by 2045. In Q1 of 2025, the firm’s expansion of around 8.1% in regulatory capital used drove the $0.07 year-over-year increase in its subsidiary FPL’s earnings per share and the nearly 9% year-over-year increase in adjusted earnings per share. NextEra Energy, Inc. (NYSE:NEE)’s Energy Resources created about 3.2 gigawatts of new renewables and storage projects, and FPL put 894 megawatts of new solar into service, showing a high demand for and growth in renewable energy.

NextEra Energy, Inc. (NYSE:NEE)’s robust financial profile, which provides it with the flexibility to finance its initiatives, is another element contributing to its above-average growth. Its profile includes a dividend payout ratio that has generally been below the sector average and one of the strongest credit ratings among large rate-regulated electric utility businesses.