What happened Shares of NextEra Energy (NYSE: NEE) surged more than 5% by 10:45 a.m. EDT on Tuesday. Powering the utility stock was news it was splitting its shares and an update to its growth forecast. So what NextEra Energy unveiled plans to make its high-priced stock (shares are approaching $300 apiece after today's rally) more accessible to the average investor. The utility will enact a 4-for-1 split, which it expects to complete on Oct. 27. Stock splits have become increasingly popular this year after tech giants like Apple and Tesla made headlines by splitting their stocks, which helped fuel more gains before the recent sell-off in tech stocks. Image source: Getty Images. While NextEra's stock split won't create any tangible value for investors, its other announcement should. The company said it now expects its 2021 earnings per share to come in $0.20 per share (pre-split) above its prior forecast. The company also anticipates growing its earnings per share in 2022 and 2023 at a 6% to 8% annual rate off that higher expected base. This updated forecast not only increases its near-term earnings outlook, but also extends it for another year. Powering the faster-paced growth is its strong execution and an excellent environment for developing renewable energy projects. Now what NextEra Energy has an excellent track record for generating above-average earnings and dividend growth. That has powered a steady upward trend in its stock price, which put it out of reach for some investors. With the split, more investors will be able to afford shares. Meanwhile, with its growth forecast accelerating, it's an even better long-term opportunity for all portfolio sizes. 10 stocks we like better than NextEra EnergyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and NextEra Energy wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Matthew DiLallo owns shares of Apple, NextEra Energy, and Tesla. The Motley Fool owns shares of and recommends Apple and Tesla. The Motley Fool recommends NextEra Energy. The Motley Fool has a disclosure policy.Source