2023-08-10 05:35:00 ET
It shouldn't be a shock to anyone that not all utilities are created equal. Look at NextEra Energy (NYSE: NEE) and Black Hills (NYSE: BKH) . Yes, they are both utilities, but they are doing vastly different things operationally, and their stocks offer different benefits to your portfolio. Here's a quick rundown on which one might be a better choice for you.
Since the utility sector is often viewed as a place to get reliable income, it makes sense to start with a comparison of yields. Black Hill's dividend yield is roughly 4.4% today. NextEra's yield is around 2.7%. If you are trying to maximize the income your portfolio generates, Black Hills will likely be the more attractive stock.
Image source: Getty Images.
For further details see:
Better Stock Buy: NextEra Energy vs. Black Hills