This High-Yield Stock Is Changing Directions in the Clean Energy Space
NextEra Energy (NYSE: NEE) is a bellwether name in the utility sector, with an incredible string of dividend hikes and a huge 380% stock advance over the past decade. Duke Energy (NYSE: DUK) is also a utility giant. Its dividend history is solid, but its stock has lagged well behind that of NextEra Energy, up only 61% over the past 10 years. For a time Duke tried to be more like NextEra, but management decided recently that's not worth the risk anymore. Here's what you need to know.
NextEra Energy owns Florida Power & Light, one of the largest regulated utility businesses in the United States. It is in an advantaged market, given that the state of Florida has been attracting residents with warm weather and low taxes for years. Still, regulated power businesses are generally slow-growth enterprises. Notably, they have monopolies, but key business decisions, like capital investment plans and price increases, have to be approved by the government.
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Source Fool.com
