5 Best Renewable Energy Stocks to Buy Now

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

Number of Hedge Fund Holders:  61

NextEra Energy, Inc. (NYSE:NEE) is one of the most popular renewable energy stocks among elite hedge funds. As of the end of the fourth quarter of 2022, 30 hedge funds tracked by Insider Monkey reported owning stakes in NextEra Energy, Inc. (NYSE:NEE), up from 21 hedge funds in the previous quarter. The total value of these stakes was over $251 million. The biggest hedge fund stakeholder of NextEra Energy, Inc. (NYSE:NEE) during this period was Phill Gross and Robert Atchinson’s Adage Capital Management which owns a $169 million stake in the company.

In February, NextEra Energy, Inc. (NYSE:NEE) rolled out a 10% increase in its quarterly dividend when it announced a per-share dividend of $0.4675. The dividend is payable on March 15 for shareholders of record as of February 28.