NextEra Energy, Inc. (NYSE:NEE) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
On October 6, Evercore ISI began coverage on NextEra Energy, Inc., assigning it an Outperform rating and setting a price target of $92. The firm pointed out that NextEra leads the country in wind and solar energy, holding roughly 20% of the US renewable power market. It also emphasized the company’s broad strength across the entire power generation mix.
Evercore ISI expects NextEra Energy, Inc. to gradually expand its use of dependable, high-capacity gas and nuclear assets in the coming years. The analyst noted that the company’s scale gives it an advantage in navigating difficult renewable market conditions while potentially capturing share from smaller players.
The report also mentioned that NextEra Energy, Inc. could explore merger and acquisition opportunities in gas generation, positioning itself as a preferred power provider for hyperscalers in the artificial intelligence space.
Moreover, NextEra Energy, Inc.’s consistent dividend payments add to its appeal for investors seeking steady income. The company has raised its payouts for 29 consecutive years and currently offers a quarterly dividend of $0.5665 per share. As of October 16, the stock has a dividend yield of 2.67%.
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