NextEra Energy vs. York Water: Utility Stock Comparison

NextEra Energy's Market Dynamics Amid Rising Treasury Yields

NextEra Energy, the behemoth leading the electric utility landscape by market capitalization, has navigated through over two decades of nearly unbroken positive annual returns, marked by consistent dividend payouts. However, 2023 unfurled a different storyline for NextEra Energy, as the company observed a precipitous 27% depreciation in stock value. This downturn dwarfed the financial bruises it bore during the 2008 financial crisis, primarily pinned on the heels of soaring yields on short-term Treasury bills coupled with a downward revision in its annualized dividend growth target by NextEra Energy Partners.