NextEra offers smart bet on green energy, rising payout, Barron’s says

NextEra Energy offers a relatively low-risk green play, with a 2.7% dividend yield that’s rising, Andrew Bary writes in this week’s edition of Barron’s. NextEra’s shares have outperformed the S&P 500 index in the past 10 years, a rarity among utilities. But the stock, which peaked in late 2021 at $93 a share, has lagged behind more recently, falling 18% this year, to a recent $68, the author notes. Rate and regulatory risks are largely reflected in NextEra’s valuation. At its current, depressed price, the stock offers an attractive play on two industry-leading companies under one corporate roof, both with significant growth potential, the publication adds.