NextEra Energy (NEE) outperformed its peers in terms of total returns this year. It has returned 34% in 2017, beating the returns of broader utilities as well as those of broader markets by a huge margin. The Utilities Select Sector SPDR ETF (XLU) has returned 11% so far in 2017, whereas the SPDR S&P 500 (SPX-INDEX) (SPY) has returned 22%.
These utilities’ healthy dividends have contributed to their total returns. We’ll discuss their dividend profiles a little later on in the series.
The stock of PG&E Corporation (PCG), one of the largest utilities, recently witnessed a free fall after the wildfires in California. You can read more about PG&E’s recent troubles in What PG&E Investors Should Know amid Mounting Challenges.