re: stock market today is teasing me

Posted by FLObserver

Jacksonville

Member since Nov 2005

15837 posts

Posted on 1/15/25 at 5:00 am to tigerbacon

Take a look at that NEP Payout ratio on DIV about 150%. That just means that Div is unsustainable. This comes straight from NEP management in Q3 2024 conference call :
“NextEra Energy Partners plans to complete its review by no later than the fourth quarter 2024 call and intends to provide its distribution and run rate cash available for distribution expectations at that time.”

“One of the things that we are evaluating is should we put -- deploying more of our capital towards really growing the underlying cash flow of the business and maybe less towards distributions.”

Basically says if we are going to stay in business then we will be cutting the Div. I think the Div will still be ok after the cut but most are predicting a 50% cut on Div.

This post was edited on 1/15/25 at 5:04 am

2 ...

Posted by Suntiger

STG or BR or somewhere else

Member since Feb 2007

35646 posts

Posted on 1/15/25 at 5:26 am to FLObserver

I think that’s the reason for the price drop from >$30 to $16-18. My expectation is that you will see similar yield with potential for future growth.

Posted by FLObserver

Jacksonville

Member since Nov 2005

15837 posts

Posted on 1/15/25 at 7:24 am to Suntiger

If they cut 50% of div then the Price of the stock goes up in my opinion. I'm waiting for the cut and probably a temporary drop in stock on that news. Then its a buy for me.

Posted by tigerbacon

Arkansas

Member since Aug 2010

4501 posts

Posted on 1/15/25 at 7:47 am to FLObserver

pre market way up

Posted by Fat Bastard

2024 NFL pick'em champion

Member since Mar 2009

89299 posts

Posted on 1/15/25 at 9:46 am to tigerbacon

check out these penny stocks. i just added them

GCT
GRRR
GFAI
MIND
PAYS
QUIK
RDVT
SRTS

i have enough SVOL, BITO, IBIT and XOVR for now.

Posted by jefforize

Member since Feb 2008

45719 posts

Posted on 1/15/25 at 9:58 am to Fat Bastard

quote:
GFAI

This one is wild.

Thai AI Robotics company that offers security for cash-in-transit, Travel recommendations, disinfections, food delivery, and AIoT Robot Advertising

Posted by Pendulum

Member since Jan 2009

7927 posts

Posted on 1/15/25 at 10:00 am to FLObserver

Id just like to point out to anyone unaware reading this thread that NEP is an LP, not a normal stock.

Do research of the tax implications of an LP before you buy it. Its a hassle.

This post was edited on 1/15/25 at 10:01 am

Posted by FLObserver

Jacksonville

Member since Nov 2005

15837 posts

Posted on 1/15/25 at 3:32 pm to Pendulum

quote:
Do research of the tax implications of an LP before you buy it. Its a hassle.

Read that NEP issues a 1099 not a k-1.If that is what you are referring to?

Posted by Pendulum

Member since Jan 2009

7927 posts

Posted on 1/15/25 at 3:57 pm to FLObserver

Well than that isnt too bad; I was referring to getting a K1 which is typically what happens with an LP stock. And K1's don't typically go out on time before tax day. I dabbled in ET few years back, then decided it wasn't worth the hassle of dealing with the LP, when you take a distribution, your basis changes.

Posted by FLObserver

Jacksonville

Member since Nov 2005

15837 posts

Posted on 1/28/25 at 10:23 am to tigerbacon

quote:
If you like dividends I think NEP is prime to buy. It gives 0.90 cents every quarter and is at a 52 week low and strong history of increasing dividends. Plus its only 17 dollars a share

Distributions suspended.

Hope you got out bacon.

Posted by tigerbacon

Arkansas

Member since Aug 2010

4501 posts

Posted on 1/28/25 at 12:01 pm to FLObserver

I actually did. The more I looked at it the more I soured on it so I sold my shares for a slight profit. However PANW big winner for me since I posted about buying more shares when it dropped into the 160's. It back in the 190's a few weeks later