Is Nextera Energy (NEE) the best utility stock to buy in August?

Nextera Energy, Inc. (NYSE:knee) is included in 10 Best Dividend Stocks to Buy in August.

Wind turbines, their blades rotate to produce clean renewable energy.

Nextera Energy, Inc. (NYSE: NEE) is the largest global producer of wind and solar energy, and plays a central role in the US’s transition to clean energy. The company operates through two major divisions. Nextera Energy Resources focused on Florida Power & Light, regulated utilities and clean energy solutions. Together, these segments position the company as a key force in reducing carbon emissions from the national power grid. Over the past decade, Nextera has provided returns beyond the broader market returns, showing its strength and consistent value generation in the renewable energy space.

Nextera Energy, Inc. (NYSE: NEE) reported strong cash positions in the second quarter of 2025. For the first six months of the year, the company generated $5.9 billion in operating cash flow. The quarter ended, with nearly $1.8 billion in cash and cash equivalents. This stable cash profile means that the company expects to increase its dividend per share by approximately 10% per year from 2024 levels to at least 2026.

July 24th, Nextera Energy, Inc. (NYSE: NEE) has declared a quarterly dividend of $0.5665 per share. This was the same as last quarter. Overall, Knee is a dividend aristocrat, and the 29th consecutive year of dividend growth has grown in that belt. As of July 28th, the stock’s dividend yield was 3.18%.

Although we acknowledge the potential of NEE as an investment, we believe certain AI stocks offer a greater reverse chance, pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

Read next: 10 Best Safe Dividend Stocks to Buy Now and 10 stocks with the highest dividends to buy now.

Disclosure: None.