Florida is About to Surpass New York in a Key Metric for Many Companies

With Florida's population growth exploding, these utility names may become even more important to accommodate expected energy needs.

Jan 12, 2014 at 1:03PM

With Florida likely to overtake New York in 2014 as the third most populous state in the U.S. behind California and Texas, I wanted to focus on Juno Beach, Florida-based NextEra Energy (NYSE:NEE). According to the company's December Investor Presentation, the utility player gets 59% of its energy production from natural gas, 22% from nuclear, 15% from wind, and 1% from solar with coal, hydro, and oil balancing the rest of their fuel mix.

NextEra services roughly 4.6 million customers in Florida through its Florida Power & Light (FPL) subsidiary, so the influx of people to the state should help the company benefit from higher revenue potential, especially since they have one of the cleanest emissions profiles among major domestic power producers, and they may get FERC approval for a 125 mile natural gas pipeline that runs through the heart of Florida which has already been approved by the Florida Public Service Commission. 

Blaming rising fuel costs, FPL, Duke Energy (NYSE:DUK), which owns Duke Energy Florida, and Tampa Electric, a subsidiary of TECO Energy (NYSE:TE), all won rights to raise rates starting this month to cover those costs by Florida's Public Service Commission. Now that the utility players got the rate rise they sought, attention should focus on delivering reliable services which just might boost investor interest in TECO. TECO pays out a hefty 5.2% dividend and is focused on meeting electric vehicle electricity demand. Considering the company's five track record for the fewest and shortest interruptions among the state's investor-owned utilities, TECO may be a name new Floridians and investors should know.

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John Licata has no position in any stocks mentioned. You can follow John on Twitter @bluephoenixinc. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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