Why I Recently Sold 12.2%-Yielding NextEra Energy Partners Stock [Seeking Alpha]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
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Source: Seeking Alpha
We discuss why we sold NEP and where we reinvested some of the proceeds. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » I originally bought NextEra Energy Partners ( NYSE: NEP ) a bit too soon (last year on the dip before the big drop in late September). However, while several prominent authors on Seeking Alpha were calling it a Sell and/or urging investors to scramble for the exits, I doubled down in the low $20s and explained my thesis for why in my deep-dive article that you can read here . That courage of conviction paid off, with the stock returning ~45% since then, more than double the total return of the S&P 500 over that period and helping to regain the losses I suffered on the original drop in the stock price. That being said, I recently sold my shares despite NEP's juicy 12.2% and growing distribution yield and in this article, I will explain why. Why I Sold NEP Stoc
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News
- These 3 High-Yield Dividend Stocks Are Set to Soar in 2024 and Beyond [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE:NEP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- This Ultra-High-Yield Dividend Stock Continues to Grow Despite its Challenges [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE: NEP) had its "market perform" rating re-affirmed by analysts at Oppenheimer Holdings Inc..MarketBeat
- Why NextEra Energy Partners Stock Popped 8.8% Today [Yahoo! Finance]Yahoo! Finance
NEP
Earnings
- 4/24/24 - Beat
NEP
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 3/5/24 - Form ARS
- NEP's page on the SEC website