I’m excited to share that I recently bought 15 additional shares of NextEra Energy (NEE), increasing my stake meaningfully in what has become one of my core dividend-growth holdings.
What I Bought Before & When
Back in April I made a purchase of NEE shares (see my April buy post), when I added to my position at an average cost of around $66 per share. That earlier buy was meant to start out a base position, and since then I’ve watched the company’s fundamentals and prospects unfold favorably.
This new purchase was done at current market levels (roughly $72), reflecting the stock’s rise since that earlier buy.
Why Buy More — Rather Than Opening a New Position
I see several reasons to deepen an existing position rather than diversify into another name:
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Concentration in quality – I already believe strongly in NEE’s long-term outlook; adding to what I own increases potential upside and dividend yield on capital already committed.
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Efficiency of capital deployment – Rather than spreading thin, adding to a proven idea lets me leverage research I already have, and lowers friction costs (brokerage, tracking).
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Compounding effect – More shares in a high-quality dividend grower means faster growth in future income, all else equal.
In short: if I’m confident in NEE, it makes sense to lean in.
Why It Looks Attractive Now
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Earnings strength & tailwinds: NEE recently beat profit expectations for Q2 2025 (adjusted EPS of $1.05), even if revenue came in a bit light.
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AI / data center demand: The company is ramping its backlog of renewable + storage projects geared toward tech/data center customers — a growth vector in a world hungry for clean, reliable power.
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Nuclear revival opportunity: NEE is advancing plans to restart its Duane Arnold nuclear plant in Iowa (shut in 2020), tapping into renewed interest in firm, low-carbon baseload for AI/data center loads.
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Valuation and forward growth: Analysts forecast mid-to-high single digit growth in adjusted earnings over 2025–26.
Given all that, the current price offers a compelling risk/return tradeoff for long-term investors.
Final Thoughts
With this move, I’m not just padding my portfolio — I’m reinforcing conviction. NEE checks many boxes: stable regulated utility + growth in renewables + optional upside from nuclear revival. By increasing rather than diversifying, I double down on a name I trust, and position myself for better compounding of dividend income down the road.
I can’t wait to see how this holding contributes to my passive income stream in the years to come.
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