This Billionaire Is Selling This Magnificent Dividend Stock: Here Are 3 Other Higher-Yielding Dividend Stocks He Likes Instead
Bill Gross has made a lot of money in his career. Dubbed the "bond king," Gross helped build Pimco into a leading investment management firm focused on fixed income. He's amassed an estimated $1.7 billion fortune, according to Forbes.
These days, Gross has been putting a portion of his net worth into master limited partnerships (MLPs). However, in a recent post on X, Gross wrote, "Pipeline MLPs have peaked for now." That drove him to sell some of his MLP holdings, including Enterprise Products Partners (NYSE: EPD). However, while he exited that position, he's still holding Western Midstream (NYSE: WES), Energy Transfer (NYSE: ET), and MPLX (NYSE: MPLX). Here's a look at why he thinks those MLPs are more attractive for income-seekers right now.
Bill Gross has been pounding the table for MLPs. However, he has noted that some MLPs are more attractive than others because of their higher relative dividend yields. Now he's selling two of his MLP holdings: Enterprise Products Partners and NuStar.
Source Fool.com
MLP SE Stock
Currently there is a rather positive sentiment for MLP SE with 3 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 55.52% for MLP SE compared to the current price of 6.43 €.
