This Ultra-High-Yield Dividend Stock Could Face a Day of Reckoning in January 2025 [Yahoo! Finance]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
Company Research
Source: Yahoo! Finance
It has continued to grow its big-time payout, which has risen 6% over the past year. However, a day of reckoning could be coming in January. Here's a look at what might happen to the payment starting next year. NextEra Energy Partners had grown briskly for many years. Powering its growth has been a steady stream of acquisitions, which it funded primarily with convertible equity portfolio financing (CEPF) arrangements with large institutional investors . This funding has buyout requirements that the company expected to satisfy by issuing stock. Unfortunately, surging interest rates have weighed on the stock price, making it much too dilutive to sell shares to buy out CEPFs as they mature. The company has taken a couple of notable steps to address the situation. It has significantly slowed its dividend growth rate from 12%-15% annually to 5%-8%, with a target of 6%. It's also selling off its natural gas pipeline assets in stages to help fund its CEPF buyouts and renewable energy a
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News
- 3 Scary High-Yield Dividend Stocks That Income Investors Should Avoid Right Now [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NEP) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE: NEP) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating. They now have a $22.00 price target on the stock, down previously from $37.00.MarketBeat
- NextEra Energy Partners: Be Greedy When Others Are Fearful [Seeking Alpha]Seeking Alpha
- NextEra Energy Partners, LP (NYSE: NEP) had its price target lowered by analysts at Evercore ISI from $32.00 to $30.00. They now have an "outperform" rating on the stock.MarketBeat
NEP
Earnings
- 10/24/24 - Beat
NEP
Sec Filings
- 10/24/24 - Form S-8
- 10/23/24 - Form 10-Q
- 10/23/24 - Form 8-K
- NEP's page on the SEC website