1 Utility Stock That Has Created Millionaires, and Should Continue to Make More

Utilities are generally thought of as boring investments, which is true in many cases. But NextEra Energy (NYSE: NEE) bucks the trend in a good way. The price of the stock is up 3,750% since 1980. That's a long time for sure, but long-term investors have benefited mightily from owning this millionaire-making utility.

The best part of the story, however, is that the stock is currently in a funk, and offering investors a historically attractive chance to buy. Here's what you need to know.

There are two parts to NextEra Energy's utility business. The first, which makes up around 70% of the company, is a fairly boring regulated utility. This is similar to what most utilities own, but there's a growth twist: NextEra Energy owns Florida Power Light, the largest utility in the state of Florida. The Sunshine State has benefited from net population growth for years. More residents means more customers, and that leads to top-line growth for utilities.

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Source Fool.com