Sunday, March 5, 2023

Week in Review 9/23


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:

February 28, 2023

  • €13.33 – LTC Properties, Inc. (LTC)

March 1, 2023

  • €102.87 – Intel Corporation (INTC)
  • €8.22 – WEC Energy Group, Inc. (WEC)
  • €39.62 – Pinnacle West Capital Corporation (PNW)
  • €10.75 – ConocoPhillips (COP)
  • €71.88 – Pfizer Inc. (PFE)
  • €3.17 – Visa Inc. (V)
  • €22.19 – Aflac Incorporated (AFL)

March 2, 2023

  • €89.48 – Enbridge Inc. (ENB)
  • €49.49 – Fortis Inc. (FTS)
  • €37.11 – Canadian Utilities Limited (TSE:CU)

Week 9: Total net dividends €448.11

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

Portfolio Holdings News:

February 27, 2023

February 28, 2023

  • NCC AB (NCC) to build Granelund school in Tranås; NCC is to construct the new Granelund school in Tranås together with AB Tranåsbostäder. The school will have space for 600 pupils up to sixth year. The project is a turnkey contract in partnering form with an order value of approximately SEK 250 million.

  • Target Corporation (TGT) Reports Fourth Quarter and Full-Year 2022 Earnings; TGT reports Non-GAAP EPS of $1.89, beating analyst estimates by $0.49 but decreased 41.1% year-over-year. Revenue grew 1.3% to $31.4 billion, topping estimates by $670 million. For Q1 Management expects GAAP EPS and adjusted EPS are both expected to range from $1.50 to $1.90. For FY2023 Management expects GAAP EPS and adjusted EPS are both expected to range from $7.75 to $8.75.

  • Raytheon Technologies Corporation (RTX) was awarded a $219.9M modification to contract W15QKN-19-C-0017 for the production of 155 mm Excalibur Increment Ib projectiles.

  • The Bank of Nova Scotia (BNS) Reports First Quarter Results; BNS reports Non-GAAP EPS of C$1.85, missing analyst estimates by C$0.17 and decreasing 13.95% year-over-year. Revenue of C$7.98 billion misses analyst estimates by C$280 million and decreased 0.9% versus the same quarter last year. CET1 ratio unchanged at 11.5%. The provision for credit losses was $638 million, compared to $222 million, an increase of $416 million. The provision for credit losses ratio increased 20 basis points to 33 basis points.

March 1, 2023

  • Royal Bank of Canada (RY) Reports First Quarter Results; RY reports Non-GAAP EPS of C$3.05, beating analyst estimates by C$0.12 and increased 7% year-over-year. Revenue grew 15.5% to C$15.09 billion, topping estimates C$1.56 billion. CET1 ratio was 12.7%, down 80 bps from last year. Return on equity was 12.6%, or 16.8% excluding the specified item, reflecting strong organic capital generation.

March 2, 2023

  • Kesko has completed the acquisition of Elektroskandia Norge AS; Kesko’s subsidiary Onninen has completed the acquisition of the Norwegian technical trade operator Elektroskandia Norge. The acquisition will strengthen Onninen’s position in technical trade in Norway, and further increases its growing role in the green transition.

  • Best Buy Co., Inc. (BBY) Reports Fourth Quarter Results; BBY reports Non-GAAP EPS of $2.61, beating analyst estimates by $0.47 but decreased 4.4% year-over-year. Revenue of $14.74 billion misses analyst estimates by $60 million and decreased 10% versus the same quarter last year. Management guides FY24 Non-GAAP Diluted EPS of $5.70 to $6.50.

  • Best Buy Co., Inc. (BBY) Increased Quarterly Dividend; BBY's board of directors approved a 5% increase in the regular quarterly dividend to $0.92 per share. The regular quarterly dividend will be payable on April 13, 2023, to shareholders of record as of the close of business on March 23, 2023.

  • LTC Properties, Inc. (LTC) Sold Two Skilled Nursing Centers; LTC announced that it has sold two skilled nursing centers in New Mexico. The two centers, totaling 235 beds, were sold for $21.3 million, generating proceeds of $20.8 million. The proceeds will be used to pay down the Company’s unsecured revolving line of credit.

  • The Toronto-Dominion Bank (TD) Reports First Quarter 2023 Results; TD reports Non-GAAP EPS of C$2.23, beating analyst estimates by C$0.03 and increased 7.2% year-over-year. Revenue of C$13.1 billion beats analyst estimates by C$1.11 billion and increased 16.1% versus the same quarter last year. CET1 ratio was 15.5%, up 3 bps from last year.

Articles that caught my attention:

Thanks for stopping by, have a nice next week!

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