NextEra Energy Is The Slow Growth Green Utility To Own

pixdeluxe NextEra Energy (NYSE:NEE) (NEP) reported a strong end to FY23 with both strength at the top line and durable EBITDA margin expansion, with total backlog growing to 20GW. The firm anticipates exceptional growth throughout the next 3 years and anticipates to grow the NEP distribution by 6% annually through 2027 and the NEE dividend by 10% in 2024 for a forward yield of 12% and 3.5%, respectively, making each an appealing holding. I provide both NEE and NEP a BUY recommendation with a price targe ...