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NEE, D, and DUK: How Top Utilities Are Valued

Vincent Kruger
NEE, D, and DUK: How Top Utilities Are Valued

NextEra Energy (NEE) is trading at a PE (price-to-earnings) multiple of 22x—compared to its five-year historical average PE multiple of 21x. NextEra Energy stock seems to be trading at a premium to its historical average. NextEra Energy, the top utility, is one of the most rallied stocks among the S&P 500 Utilities Index. NextEra Energy stock has soared more than 22% in the trailing 12 months and outperformed broader utilities.