Feverpitched
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 Stock
I recently pointed out in an update article on NEP that it has a viable path to sustaining its hefty yield, though I was less optimistic about its ability to…
