Sunday, February 5, 2023

Week in Review 5/23



 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.



Received Dividends:



January 31, 2023


  • € 35.28 – Edison International (EIX)
  • € 13.02 – LTC Properties, Inc. (LTC)
  • € 88.13 – The Toronto-Dominion Bank (TSE:TD)
  • € 61.97 – TC Energy Corporation (TSE:TRP)


February 1, 2023


  • € 66.33 – AT&T Inc. (T)
  • € 93.57 – Verizon Communications Inc. (VZ)
  • € 25.81 – General Mills, Inc. (GIS)
  • € 31.14 – Bristol-Myers Squibb Company (BMY)
  • € 47.49 – CVS Health Corporation (CVS)
  • € 29.19 – Power Corporation of Canada (TSE:POW)


Week 5: Total net dividends € 491.33


Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.



Portfolio Holdings News:



January 30, 2023




January 31, 2023


  • Tele2 AB (TEL2) reports full year and fourth quarter 2022 results; TEL2 reports sales of SEK 7,454 million, compared to analysts' average estimate of SEK 7,325 million and increased by 4% organically compared to Q4 2021. The ordinary dividend is proposed to be SEK 6:80 per share compared to the average estimate of SEK 6:65.



  • WEC Energy Group, Inc. (WEC) to acquire 80% ownership of Samson I Solar Energy Center; WEC announced that the company has agreed to acquire an 80% ownership interest in the Samson I Solar Energy Center. Samson I is a 250-megawatt project located about 140 miles northeast of Dallas, Texas. Samson I is generating renewable energy under a long-term power purchase agreement with AT&T. WEC Energy Group's investment is expected to total approximately $250 million for the 80% ownership interest.


  • Pfizer Inc. (PFE) Reports Fourth Quarter Results; PFE reports Non-GAAP EPS of $1.14, beating analyst estimates by $0.10 and increased 45% year-over-year. Revenue grew 1.9% to $24.3 billion, missing estimates by $100 million. Management provides Full-Year 2023 Revenue Guidance of $67.0 to $71.0 Billion and Adjusted Diluted EPS Guidance of $3.25 to $3.45.


  • Amgen Inc. (AMGN) Reports Fourth Quarter and Full-Year Financial Results for 2022; AMGN reports Non-GAAP EPS of $4.09, in line with expectations but decreasing 7% year-over-year. Revenue decreased 0.6% to $6.8 billion, which was $30 million more than expected. For the full year 2023 Management expects total revenues in the range of $26.0 billion to $27.2 billion and non-GAAP basis, EPS in the range of $17.40 to $18.60.



  • Lockheed Martin Corporation (LMT) was awarded a $133.62M price modification to an order against a previously issued basic ordering agreement.


  • General Dynamics Corporation (GD) was awarded a $481.58M hybrid (cost-no-fee, cost-plus-fixed-fee and firm-fixed-price) contract for sustainment of Prophet Enhanced detecting systems.


  • United Parcel Service, Inc. (UPS) Releases 4Q 2022 Earnings; UPS reports Non-GAAP EPS of $3.62, a 0.8% increase from the previous year and $0.03 higher than expected. Revenue of $27.0 billion misses analyst estimates by $1.03 billion and decreased 2.7% versus the same quarter last year. For FY2023, Management expects revenue to be between $97B and $99.4B and consolidated adjusted operating margin of between 12.8% and 13.6%.


  • United Parcel Service, Inc. (UPS) Increase Quarterly Dividend; UPS announced that its Board of Directors has declared a regular quarterly cash dividend of $1.62 per share of its common stock, an increase of $0.10 or 6.6%. The dividend is payable March 10, 2023 to shareowners of record on February 21, 2023. In addition, the UPS Board of Directors has approved a new $5 billion share repurchase authorization, replacing the company’s existing authorization.


  • Unum Group (UNM) Reports Fourth Quarter 2022 Results; UNM reports Non-GAAP EPS of $1.43, missing analyst estimates by $0.04 but increasing 60.7% year-over-year. Revenue grew 1.0% to $ 3.01 billion, topping estimates $ 10 million. Book value per common share of $46.51 decreased 17.5 percent compared to the year-ago quarter.


  • BCE Inc. (BCE) and Staples Canada announce multi-year strategic partnership; BCE and Staples Canada have announced a multi-year exclusive agreement to sell Bell, Virgin Plus and Lucky Mobile wireless and wireline services through Staples stores across Canada for consumers and small businesses. In addition, Staples and Bell will partner to sell Bell wireless and wireline services direct to medium businesses through the Staples Professional sales team, backed by Bell's advanced communications expertise.



February 1, 2023


  • UGI Corporation (UGI) Reports First Quarter Results; UGI reports first quarter Non-GAAP EPS of $1.14, a 22.6% above from last year and $0.19 ahead of estimates. Revenue of $2.76 billion misses analyst estimates by $50 million but grew 3.4% versus the same quarter last year.


  • Altria Group, Inc. (MO) Reports 2022 Fourth-Quarter and Full-Year Results; MO reports Non-GAAP EPS of $1.18, an 8.3% increase from the previous year and $0.02 higher than expected. Revenue of $5.08 billion misses analyst estimates by $70 million and decreased 0.2% versus the same quarter last year. Management expect to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13, representing a growth rate of 3% to 6% from a base of $4.84 in 2022. Management also authorized a new $1 billion share repurchase program, expected to complete by December 31, 2023.


  • WestRock Company (WRK) Reports Fiscal 2023 First Quarter Results; WRK reports Non-GAAP EPS of $0.55, missing analyst estimates by $0.05 and decreasing 15.4% year-over-year. Revenue of $4.93 billion missed analysts' estimates by $210 million, down 1.0% from the same quarter last year. In light of uncertain macroeconomic conditions, Management are removing our fiscal 2023 earnings guidance. We will continue to provide a quarterly earnings outlook.


  • Aflac Incorporated (AFL) Announces Fourth Quarter Results; AFL reports Non-GAAP EPS of $1.29, beating analyst estimates by $0.08 and increased 0.8% year-over-year. Revenue decreased 26.2% to $4.01 billion, which was $480 million below expectations. Total investments and cash at the end of December 2022 were $117.4 billion, compared with $143.0 billion at December 31, 2021. The decline in the portfolio is principally driven by the weaker yen and higher interest rates.


  • TC Energy Corporation (TRP) provides Coastal GasLink Project update; TRP announced that the Project continues to face material cost pressures that include challenging conditions in the Western Canadian labour market; shortages of skilled labour; impacts of contractor underperformance and disputes; as well as other unexpected events like drought conditions and erosion and sediment control challenges. TRP’s estimate of the costs to complete the Project has increased to approximately $14.5 billion.


February 2, 2023


  • UPM-Kymmene Corporation (UPM) Reports Fourth-quarter and full-year results 2022; UPM reports EPS of €0.93, in line with expectations and increasing 47.6% year-over-year.Revenue increased to € 3 231 million in October-December from € 2 673 million in the previous year. According to a consensus forecast compiled by Factset, analysts were expecting a turnover of € 3 571 million. The Board has decided on a new, earnings-based dividend policy and proposes a dividend of €1.50 per share for 2022, up 15.4% from €1.30 for 2021.


  • UPM-Kymmene Corporation (UPM) renews its dividend policy; UPM’s Board of Directors has revised the company’s dividend policy to be based on earnings instead of cash flow. The new dividend policy is: “UPM aims to pay attractive dividends, targeting at least half of the comparable earnings per share over time.” The previous dividend policy was: “UPM aims to pay attractive dividends, targeting a dividend of 30-40% of the operating cash flow per share.”


  • Nordea Bank Abp (NDA) Reports Fourth-quarter and full-year results 2022; NDA reports fourth quarter EPS of €0.34, 31% over last year's result and €0.04 higher than expected. Net interest income rose in October-December from €1 255 million in the comparable period to €1 641 million, while the analyst forecast collected by Factset expected Nordea to report a net interest margin of €1 588 million. NDA’s Board has proposed a dividend per share of EUR 0.80 for 2022, up 16% from EUR 0.69 for 2021.



  • QUALCOMM Incorporated (QCOM) Announces First Quarter Fiscal 2023 Results; QCOM reports Non-GAAP EPS of $2.37, beating analyst estimates by $0.02 albeit decreasing 34% year-over-year. Revenue of $ 9.46 billion misses analyst estimates by $110 million and decreased 11.6% versus the same quarter last year. Management guides Q2 revenue of $8.7B to $9.5B and adj. EPS of $2.05 to $2.25.


  • WEC Energy Group, Inc. (WEC) Posts 2022 Results; WEC reports fourth quarter GAAP EPS of $0.80, 12.7% above from last year and $0.05 ahead of estimates. Revenue of $ 2.56 billion beats analyst estimates by $550 million and increased 16.4% versus the same quarter last year. For FY23 Management expect earnings to be in a range of $4.58 to $4.62 per share.



  • Brookfield Infrastructure Partners L.P. (BIP, BIPC) Announces 14th Consecutive Distribution Increase; Board of Directors of BIP has declared a quarterly distribution in the amount of $0.3825 per unit, payable on March 31, 2023 to unitholders of record as at the close of business on February 28, 2023. This distribution represents a 6% increase compared to the prior year. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.3825 per share.



  • ConocoPhillips (COP) Reports Fourth-Quarter and Full-Year 2022 Results; COP reports fourth quarter Non-GAAP EPS of $2.71, 19.4% over last year's result but $0.19 lower than expected. Production for the fourth quarter of 2022 was 1,758 MBOED, an increase of 150 MBOED from the same period a year ago. The company’s 2023 production guidance is 1.76 to 1.80 million barrels of oil equivalent per day (MMBOED). Management announced a variable return of cash of $0.60/share, payable April 14, 2023, to stockholders of record at the close of business on March 29, 2023.




  • Gilead Sciences, Inc. (GILD) Announces Increase in First Quarter 2023 Dividend; GILD announced that the company’s Board of Directors has declared an increase of 2.7% in the company’s quarterly cash dividend, beginning in the first quarter of 2023. The increase will result in a quarterly dividend of $0.75 per share of common stock. The dividend is payable on March 30, 2023, to stockholders of record at the close of business on March 15, 2023.



  • Starbucks Corporation (SBUX) Reports Q1 Fiscal 2023 Results; SBUX reports Non-GAAP EPS of $0.75, missing analyst estimates by $0.02 but increased 4% year-over-year. Revenue grew 8.2% to $ 8.71 billion, missing estimates $ 70 million. Comparable Store Sales Up 5% Globally; Up 10% in the U.S; Up Double Digits Internationally, Excluding China.



  • Air Products and Chemicals, Inc. (APD) Reports Fiscal 2023 First Quarter Results; APD reports first quarter Non-GAAP EPS of $2.64, 6% above last year's result but $0.06 less than expected. Revenue increased 6% to $3.17 billion, which was $100 million less than expected. Management ismaintaining fiscal 2023 full-year adjusted EPS guidance of $11.20 to $11.50, up 9 to 12 % over prior year adjusted EPS.



  • BCE Inc. (BCE) reports 2022 Q4 and full-year results; BCE reports Non-GAAP EPS of C$0.71, missing analyst estimates by C$0.01 and decreasing 6.6% year-over-year. Revenue grew 3.7% to C$ 6.44 billion, topping estimates C$ 50 million. For FY23 Management guides Revenue growth of 1% to 5, Adjusted EBITDA growth of 2% to 5%, Adjusted EPS growth of (3%) to (7%) and Free cash flow growth of 2% to 10%.


  • BCE Inc. (BCE) Increased Dividend; BCE's Board of Directors has declared a quarterly dividend of C$0.9675 per common share, an increase of 5.2%, payable on April 17, 2023 to shareholders of record at the close of business on March 15, 2023.


February 3, 2023


  • Avista Corporation (AVA) Increases Common Stock Dividend; AVA’s board of directors has declared a quarterly dividend of $0.46 per share on the company’s common stock, an increase of $0.02 per share or 4.5 %. The common stock dividend is payable March 15, 2023, to shareholders of record at the close of business on Feb. 17, 2023.



  • Brookfield Renewable Partners L.P. (BEP, BEPC) Announces Distribution Increase; BEP declared next quarterly distribution in the amount of $0.3375 per LP unit, is payable on March 31, 2023 to unitholders of record as at the close of business on February 28, 2023. This represents a 5.5% increase to our distribution, bringing our total annual distribution per unit to $1.35. In conjunction with the Partnership’s distribution declaration, the Board of Directors of BEPC has declared an equivalent quarterly dividend of $0.3375 per share.


  • LyondellBasell Industries N.V. (LYB) Reports 2022 Earnings; LYB reports Non-GAAP EPS of $1.29, beating analyst estimates by $0.02 but decreased 64.5% year-over-year. Revenue of $10.21 billion misses analyst estimates by $520 million but decreased 20.4% versus the same quarter last year. Management expects first quarter average utilization rates for the assets operated by the company to be 80% for each of the Olefins & Polyolefins and Intermediates & Derivatives segments. Start-up activities for the new PO/TBA capacity in Houston remain on track for the end of the first quarter 2023.



Articles that caught my attention:





Thanks for stopping by, have a nice next week!


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