Income Investors Warning: This High-Yield Stock Is Down 74% for Good Reason

By Jason Hall and Tyler Crowe – Oct 15, 2023 at 5:23AM

NYSE: NEP

NextEra Energy Partners

Market Cap

$3B

Today's Change

(-0.89%) -$0.26

Current Price

$28.93

Price as of April 26, 2024, 4:00 p.m. ET

It's cheap, but even after making changes, the dividend is still risky.

NextEra Energy (NEE -1.36%) subsidiary NextEra Energy Partners (NEP -0.89%) stock is down a brutal 74% from its highs. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down what's changed and how investors should think about the company and the risks before buying or selling.

*Stock prices used were from the morning of Oct. 4, 2023. The video was published on Oct. 15, 2023.

Jason Hall has positions in Mastercard and NextEra Energy Partners. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard and NextEra Energy. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.