5 Best Utility Stocks To Invest In

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

Number of Hedge Fund Holders: 64

NextEra Energy, Inc. (NYSE:NEE) is an electricity generator and seller based in the United States. The company uses several mediums to generate electricity and it serves more than ten million customers all over America.

A key strong point for NextEra Energy, Inc. (NYSE:NEE), particularly as we keep the current high oil and gas prices in mind, is that it is the world’s largest solar and wind electricity producer. This serves as a hedge for the company’s generation costs and makes it an attractive alternative to customers wishing for lower prices. On this front, NextEra Energy, Inc. (NYSE:NEE) will also benefit from the pause in solar panel tariffs announced by President Biden in June 2022.

Insider Monkey took a look at 912 hedge fund portfolios for the first quarter of this year and discovered that 64 had invested in NextEra Energy, Inc. (NYSE:NEE)’s shares.

NextEra Energy, Inc. (NYSE:NEE)’s largest investor is Ken Fisher’s Fisher Asset Management. It owns 15 million shares that are worth $1.3 billion.

Disclosure: None. You can also take a look at 10 Value Stocks in Seth Klarman’s Latest Portfolio and 10 Biotech Stocks to Buy Today According to Ken Fisher’s Fisher Asset Management.