15 Best Blue Chip Stocks to Buy Now

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

Number of Hedge Fund Holders: 72

With a market cap of over $196 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

On April 10, BofA bumped its price target on NextEra Energy, Inc. (NYSE:NEE) from $87 to $95, but maintained its ‘Neutral’ rating on the shares.

BofA expects the utility giant to deliver an EPS of $1.06 in its upcoming Q1 2026 report. This estimate reflects a YoY growth of 7%, but falls below the consensus expectations of $1.07 per share. NextEra’s performance in the quarter is expected to be driven by higher system investment and rates and returns at Florida Power and Light, offset by higher interest expense and equity dilution. The analyst firm is also projecting a slight YoY decline in the utility’s wind portfolio.

While BofA doesn’t expect NextEra Energy, Inc. (NYSE:NEE) to update its FY 2026 guidance in the upcoming earnings call, it is looking for incremental commentary on the company’s generation and infrastructure build-out, data center pipeline, the restart of the Duane Arnold nuclear facility, and progress regarding other capital plans since December.