Better Dividend Stock: NextEra Energy vs. Black Hills
The utility sector is changing. An increase in electricity demand is expected to drive faster growth for a sector traditionally seen as a slow-and-steady tortoise. That said, there are different ways to invest in the sector. Some might like historically growth-oriented companies like NextEra Energy (NYSE: NEE), while others may prefer a less exciting business like Black Hills (NYSE: BKH). Here's a comparison of both to help you decide.
NextEra Energy owns one of the largest regulated utilities in the United States. Its Florida Power Light operation has long benefited from in-migration to the state. Still, it is a slow and steadily growing business. The utility's real growth engine is its unregulated clean energy business. NextEra Energy has built this division into one of the world's largest producers of solar and wind power.
Image source: Getty Images.
Source Fool.com
