2 Reasons NextEra Energy Partners Is a Better Dividend Stock Than ExxonMobil
Not all energy stocks are created equal, especially now that renewable energy and electric vehicles are becoming a meaningful part of our energy mix. Renewable energy generation is rising and it may be a matter of a few years before the world hits peak oil consumption if EVs keep improving at the rate they have.
With that backdrop, I think the renewable energy yieldco NextEra Energy Partners (NYSE: NEP) and its dividend yield of 3.8% is a much better dividend stock than ExxonMobil Corporation (NYSE: XOM) with the same yield.
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Source: Fool.com
Exxon Mobil Corp. Stock
€108.50
-0.570%
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 126 € there is a slightly positive potential of 16.13% for Exxon Mobil Corp. compared to the current price of 108.5 €.
