5 Best Clean Energy Stocks To Buy Today

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

Number of Hedge Fund Holders: 55

Utility company NextEra Energy, Inc. (NYSE:NEE) boasts itself as the world’s largest wind and solar energy producer. Through its Florida Power & Light Company subsidiary, NextEra Energy, Inc. (NYSE:NEE) serves more than 5.7 million customer accounts in the state. 

Market analysts and hedge funds are bullish about NextEra Energy, Inc. (NYSE:NEE) as the company boasts a healthy financial profile. Moreover, NextEra Energy, Inc. (NYSE:NEE) has increased its annual dividend payment for the past 26 years, making it a dividend aristocrat. The company plans to boost its payout by around 10% per year until at least 2024. Our hedge fund data shows 55 hedge funds out of 924 hedge funds holding stakes in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter of 2021. In the previous quarter, 53 hedge funds were long the stock. Ken Fisher’s Fisher Asset Management is the utility company’s biggest shareholder. The hedge fund firm upped its stake in NextEra Energy, Inc. (NYSE:NEE) by 4%, bringing its total holdings to over 15 million valued at $1.4 billion. 

In contrast, KeyBanc analyst Sophie Karp brought up NextEra Energy, Inc. (NYSE:NEE) to Overweight from Sector Weight with an $87 price target, citing the company’s “attractive combination of a single-state utility with attractive growth prospects and a premium clean energy developer.”