Ought to You Add NextEra Power (NEE) to Your Portfolio?

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ClearBridge Investments, an funding administration firm, launched its “ClearBridge World Infrastructure Worth Technique” third quarter 2022 investor letter. A duplicate of the letter might be downloaded right here. Within the third quarter, the technique outperformed the S&P World Infrastructure Index. The inventory choice within the electrical, rail, and renewables sectors contributed positively to the fund’s efficiency. In distinction, inventory choice within the water and airports sectors impacted the efficiency. As well as, please examine the fund’s prime 5 holdings to know its finest picks in 2022.

ClearBridge Investments highlighted shares like NextEra Power, Inc. (NYSE:NEE) in its Q3 2022 investor letter. Headquartered in Juno Seashore, Florida, NextEra Power, Inc. (NYSE:NEE) engages within the electrical energy enterprise. On November 22, 2022, NextEra Power, Inc. (NYSE:NEE) inventory closed at $84.11 per share. One-month return of NextEra Power, Inc. (NYSE:NEE) was 10.32%, and its shares misplaced 4.15% of their worth over the past 52 weeks. NextEra Power, Inc. (NYSE:NEE) has a market capitalization of $167.14 billion.

ClearBridge Investments made the next remark about NextEra Power, Inc. (NYSE:NEE) in its Q3 2022 investor letter:

“NextEra Power, Inc. (NYSE:NEE) is an built-in utility enterprise with a regulated utility working in Florida and the most important wind enterprise within the U.S. NextEra’s regulated enterprise contains Florida Energy & Mild, which serves 9 million folks in Florida. NextEra’s share value rose together with the passage of the U.S. Inflation Discount Act, which significantly expands help for renewable vitality.”

Power firms, energy era firms

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NextEra Power, Inc. (NYSE:NEE) is just not on our record of 30 Most In style Shares Amongst Hedge Funds. As per our database, 73 hedge fund portfolios held NextEra Power, Inc. (NYSE:NEE) on the finish of the third quarter, which was 59 within the earlier quarter.

We mentioned NextEra Power, Inc. (NYSE:NEE) in one other article and shared the record of finest blue chip dividend shares to purchase. As well as, please try our hedge fund investor letters Q3 2022 web page for extra investor letters from hedge funds and different main buyers.

 

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Disclosure: None. This text is initially printed at Insider Monkey.

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