3 High-Yield Utility Stocks
Utilities have long been a go-to option for income-seeking investors because these entities offer higher-than-average yields. Our investors have picked three excellent opportunities in the sector: NextEra Energy Partners (NYSE: NEP), Duke Energy (NYSE: DUK), and National Grid (NYSE: NGG). Read on to find out why we think this trio has what it takes to meet the needs of income-focused investors.
Sean O'Reilly (NextEra Energy Partners): NextEra Energy Partners is a direct beneficiary of the massive shift toward renewable energy usage in the United States. This trend has two causes: government mandates for renewable energy usage, and the increasingly attractive economics of wind and solar power. NextEra Energy Partners serves as a majority-owned (79.9%) subsidiary of NextEra Energy (NYSE: NEE), was formed by NextEra Energy to own and manage clean energy projects with stable, long-term contracts to generate power for NextEra and other utilities.
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Source: Fool.com
Duke Energy Corp. Stock
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
However, we have a potential of -2.89% for Duke Energy Corp. as the target price of 100 € is below the current price of 102.98 €.
