I added SUN to my portfolio last month at $31.05, (it replaced COP), and plan to hold it as long as management can maintain the ~10% dividend. It's 3% of portfolio holdings which is about average for me. Should it rise from here, I would reduce my share count gradually to maintain this level of exposure. That has more to do with maintaining my current portfolio exposure of 15% to traditional energy than it does with SUN. The only traditional energy holding I have over 3% is Chevron.
I should add that I don't reinvest dividends on this one, it's just a cash cow replacing income from a previous rental property.
One more note investors should consider, SUN's general partner is Energy Transfer. I won't own that one due to their Dakota access pipeline issues and now Exxon is suing them.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.