Dividend Aristocrats Ranked: Top 5 According to Analysts

In this article, we will take a look at the top 5 dividend aristocrats according to analysts. To read our analysis of recent market trends, and dividend stocks, you can go to Dividend Aristocrats Ranked: Top 15 According to Analysts.

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

Number of Hedge Fund Holders: 61

Target Price as of April 10: $94.85

Upside Potential as of April 10: 20.94%

Juno Beach, Florida-based NextEra Energy, Inc. (NYSE:NEE) is a leading electric power and energy infrastructure company with operations in US and Canada. It has two major business segments: FPL, the largest electric utility company in Florida focused on generation,  transmission and distribution of electricity to more than 5.8 million customer accounts with 28.5 GW of net generating capacity; and NEER, one of the largest wholesale generators of electric power in the US with 24.1 GW of net generating capacity.

NextEra Energy, Inc. (NYSE:NEE) has steadily grown dividends over the course of its history. The latest increase came in February 2023, with a 10% increase in regular quarterly dividends to $0.4675 per share. The company intends to further increase its dividends by 10% annually, compared to its 2022 dividend, at least through 2024.

On March 28, Erste Group analyst Stephan Lingnau upgraded the rating for NextEra Energy, Inc. (NYSE:NEE) shares to ‘Buy’ from ‘Hold’.