Sunday, July 23, 2023

Week in Review 29/23



 

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:



July 17, 2023, 2023


  • €11.93 – ConocoPhillips (COP)
  • €23.62 – Main Street Capital (MAIN)
  • €19.39 – Nutrien Ltd. (TSE:NTR)
  • €49.58 – W. P. Carey Inc. (WPC)
  • €23.70 – Realty Income Corporation (O)
  • €46.73 – Algonquin Power & Utilities Corp. (TSE:AQN)


July 18, 2023


  • €23.20 – Cardinal Health, Inc. (CAH)
  • €0.80 – Orion Office REIT Inc. (ONL)
  • €56.05 – BCE Inc. (TSE:BCE)


Week 29: Total net dividends €255.00


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



Portfolio Holdings News:



July 17, 2023


  • Orion Corporation (ORNBV) Reports Second-Quarter Results 2023; ORNBV reports quarter basic earnings per share of €0.26, 44.8% below from last year and less than estimated. Revenue of €289.6 million below analyst estimates by €3.2 million but increased 2.1% versus the same quarter last year. Management estimates that net sales in 2023 will be slightly higher than in 2022.


  • Nordea Bank Abp (NDA) Reports Second-Quarter Results 2023; NDA reports second quarter Diluted earnings per share of €0.37, 32% above from last year and €0.02 ahead of estimates. Revenue of €2,955 million beats analyst estimates by €46 million and increased 22% versus the same quarter last year. NDA’s CET1 ratio increased to 16.0% from 15.7%.



  • Digital Realty Trust, Inc. (DLR) Announces Joint Venture of Stabilized Hyperscale Data Centers in Chicago; DLR announced it has partnered with GI Partners to establish a joint venture for the sale of a 65% interest in two stabilized hyperscale data center buildings and their associated equipment in the Chicago metro area. Digital Realty will receive approximately $743 million of gross proceeds related to the joint venture and the associated financing, and will maintain a 35% interest in the joint venture while continuing to manage the day-to-day operations of the assets, providing a seamless customer experience.


July 18, 2023


  • Tele2 AB (TEL2) Reports Second-Quarter Results 2023; TEL2 reports sales of SEK7,153 million, compared to analysts' average estimate of SEK7,1 million and increased by 3% organically compared to Q2 2022. Earnings per share of SEK1.28 missing analyst estimates by SEK0. 35 but increased 4.1% year-over-year. Management now targets low- to mid-single-digit growth of end-user service revenue in 2023 and the midterm, from low-single-digit growth previously.


  • NCC AB (NCC) Interim report Q2 2023; NCC reports second quarter EPS of SEK4.17, 13.9% above last year's result and SEK0.53 more than expected. Revenue of SEK14.85 billion beats analyst estimates by SEK584 million and increased 5.7% versus the same quarter last year.



  • Lockheed Martin Corporation (LMT) Reports Second Quarter 2023 Financial Results; LMT reports Non-GAAP EPS of $6.73, beating analyst estimates by $0.28 by increasing 6.5% year-over-year. Revenue grew 8.1% to $16.7 billion, topping estimates by $810 million. Management increased FY2023 outlook: Net sales from $65B - $66B to $66.25B - $66.75B, Diluted EPS from $26.60 - $26.90 to $27 to $27.2 and Free cash flow around $6.20B.


  • RTX Corporation (RTX) and Whitney Military Engines awarded a $256.32M cost-plus-incentive-fee modification (P00037) to a previously awarded contract (N0001921C0011).


July 19, 2023


  • Kinder Morgan, Inc. (KMI) Reports Second Quarter 2023 Financial Results; KMI reports Non-GAAP EPS of $0.24, 11.1% below last year's result but in line with expectations. Revenue of $3.5 billion misses analyst estimates by $1.11 billion and decreased 32% versus the same quarter last year. Management guides 2023 DCF of $4.8 billion ($2.13 per share), Adjusted EBITDA of $7.7 billion and to end 2023 with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, well below our long-term target of 4.5 times.


  • Lockheed Martin Corporation (LMT) was awarded an Other Transaction Authority agreement with a ceiling of ~$220.84M to develop, integrate, manufacture, test, and deliver Indirect Fire Protection Capability-High Energy Laser prototype weapon systems.


  • LyondellBasell Industries N.V. (LYB) Acquires 50% Share in Dutch Recycling Company; LYB announced it has acquired a 50% stake in Stiphout Industries B.V. Stiphout is involved in the sourcing and processing of post-consumer plastic packaging waste. The company operates a facility located in Montfort, the Netherlands, with an annual processing capacity equivalent to the amount of plastic packaging waste generated by over 500,000 Dutch citizens per year.


  • Ally Financial Inc. (ALLY) Reports Second Quarter 2023 Financial Results; ALLY reports second quarter Non-GAAP EPS of $0.96, 46% below last year's result but $0.02 more than expected. Revenue of $2.08 billion misses analyst estimates by $10 million but increased 0.14% versus the same quarter last year. ALLY's CET1 ratio increased from 9.2% to 9.3% quarter over quarter.


July 20, 2023


  • Telia Company (TELIA) Interim report Q2 2023; TELIA reports second quarter EPS of SEK0.19, 47.4% below last year's result and SEK0.13 less than expected. Revenue of SEK 23,297 million beats analyst estimates by SEK271 million and increased 4.5% versus the same quarter last year. The outlook for 2023 is unchanged.


  • Johnson & Johnson (JNJ) Reports Q2 2023 Results; JNJ reports Non-GAAP EPS of $2.80, beating analyst estimates by $0.18 and increased 8.1% year-over-year. Revenue of $25.53 billion beats analyst estimates by $860 million and increased 6.4% versus the same quarter last year. Management is increasing 2023 full-year guidance, Revenue of $98.8B-$99.8B from prior guidance of $97.9B-$98.9B and Adj. EPS of $10.70-$10.80 from prior guidance of $10.60-$10.70. JNJ intends to "split off" Kenvue shares through an exchange offer as the form of its next step in the separation, subject to market conditions.


  • Philip Morris International Inc. (PM) Reports 2023 Second-Quarter and First-Half Results; PM reports second-quarter quarter Non-GAAP EPS of $1.60, 8.1% above last year's result and $0.12 more than expected. Revenue of $8.97 billion beats analyst estimates by $290 million and increased 14.5% versus the same quarter last year. Management expects FY2023 Adjusted Diluted EPS of $6.13 to $6.22 and Net revenue growth of approximately 7.5% to 8.5% on an organic basis.



Articles that caught my attention:





Thanks for stopping by, have a nice next week!


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