5 Best Environmental Stocks to Invest In

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

Number of Hedge Fund Holders: 63

NextEra Energy, Inc. (NYSE: NEE) ranks 3rd on the list of 12 best environmental stocks to invest in. Founded in 1925, the utility company has become one of the largest providers of renewable energy in the US. NextEra Energy, Inc. operates solar and wind generation facilities across the US. The renewable energy company is actively investing in energy infrastructure in the United States, with a total investment of $14.6 billion in 2020. NextEra Energy, Inc. (NYSE: NEE) distributes a $1.54 per share yearly dividend to its shareholders, yielding 2.07%. The stock has gained 21% over the last twelve months. 

The company has a market cap of $146 billion. In the first quarter of 2021, the company’s sales were $3.7 billion, down from $4.6 billion in the same time of 2020. As of July 2, NextEra Energy, Inc. (NYSE: NEE) shares traded at $74.28 and have a P/E ratio of 35.20. On June 21, Morgan Stanley maintained an Equal-Weight rating on NextEra Energy, Inc. and upgraded its price target to $77 per share from $75 previously. 

At the end of the first quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $2.73 billion in NextEra Energy, Inc. (NYSE: NEE), up from 61 the preceding quarter worth $3.1 billion. 

Just like Microsoft Corporation (NASDAQ: MSFT), Tesla, Inc. (NASDAQ: TSLA), and NIO Inc. (NYSE: NIO), NextEra Energy, Inc. (NYSE: NEE) is one of the best environmental stocks to invest in.