Sunday, January 26, 2025

Week in Review 4/25



 

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 20, 2025


  • €21.34 – Nutrien Ltd. (NTR)


January 21, 2025


  • €74.50 – Kesko Corporation (KESKO)
  • €30.07 – Bank OZK (OZK)


January 22, 2025


  • €55.65 – Cisco Systems, Inc. (CSCO)



Week 4: Total net dividends €181.56



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



My Portfolio's Transactions:



January 24, 2025


  • I purchased 50 shares of Canadian Natural Resources Limited (TSE:CNQ) at C$45.03 per share plus commission.


At today's exchange rate, that purchase 50 shares of CNQ will increase €55.67 of my expected annual net dividend income. Following this acquisition, the portfolio now contains a total of 300 Bank CNQ shares at an average purchase price of C$45.77 and yield on cost is 4.92%. After this acquisition, CNQ ’s weight of my portfolio is about 1.21% and its share of future annual dividend income is approximately 1.40%.



Portfolio Holdings News:



January 20, 2025



  • Lockheed Martin, Rotary and Mission Systems, New Jersey, a unit of Lockheed Martin Corporation (LMT) has secured a $280.42 million modification to contract N00024-23-C-5101 for combat system engineering for the modernization and selection of new capabilities for Canadian Royal Navy ships operating AEGIS.


  • Lockheed Martin Rotary and Mission Systems, New York, a unit of Lockheed Martin Corporation (LMT) has secured a $118.38 million modification to a previously awarded contract (FA8730-21-C-0022) for Three-Dimensional Expeditionary Long-Range Radar.


January 22, 2025


  • Kinder Morgan, Inc. (KMI) Reports Fourth Quarter 2024 Financial Results; KMI reports Q4 Non-GAAP EPS of $0.32, missing analyst estimates by $0.01 but increased 14% year-over-year. Revenue of $3.99 billion misses analyst estimates by $150 million and decreased 1.2% versus the same quarter last year. Management guides net income attributable to KMI of $2.8 billion, up 8% versus 2024 and Adjusted EPS of $1.27, up 10% from 2024. Management expects to declare dividends of $1.17 per share for 2025, a 2% increase from the dividends declared for 2024.


  • ONEOK, Inc. (OKE) Increases Quarterly Dividend; The board of directors of OKE increased its quarterly dividend to $1.03 per share, 4% increase from prior dividend of $0.99. The dividend is payable Feb. 14, 2025, to shareholders of record at the close of business Feb. 3, 2025.


  • The Procter & Gamble Company (PG) Announces Fiscal Year 2025 Second Quarter Results; PG reports Q2 NNon-GAAP EPS of $1.88, up 2% versus prior year and $0.02 ahead of estimates. Revenue of $21.9 billion beats analyst estimates by $310 million and increased 2.1% versus the same quarter last year. Management maintained its fiscal 2025 core earnings per share growth to be in the range of five to seven percent versus fiscal 2024 core EPS of $6.59. Management continues to expect adjusted free cash flow productivity of 90% and expects to pay around $10 billion in dividends and to repurchase $6 to $7 billion of common shares in fiscal 2025.


  • Johnson & Johnson (JNJ) Reports Q4 and Full-Year 2024 Results; JNJ reports Q4 Non-GAAP EPS of $2.04, 10.9% below last year's result but $0.02 more than expected. Revenue grew 5.1% to $22.5 billion, topping estimates $50 million. For FY25 Management guides operational sales growth of 2.5% - 3.5% and adjusted operational EPS of $10.75 - $10.95 reflecting growth of 8.7% at the mid-point.


  • Ally Financial Inc. (ALLY) Reports Fourth Quarter and Full-Year 2024 Financial Results; ALLY reports Q4 Non-GAAP EPS of $0.78, beating analyst estimates by $0.21 and increased 95% year-over-year. Revenue grew 5.0% to $2.1 billion, which was $80 million more than expected. Q4 adjusted provision for credit losses dropped to $557M from $645M in Q3 and $603 in Q4 2023. Common Equity Tier 1 capital ratio of 9.8% increased 46 bps year over year.



  • Air Products and Chemicals, Inc. (APD) Increases Quarterly Dividend; The Board of Directors of APD has increased the quarterly dividend on the Company’s common stock to $1.79 per share, 1.1% increase from prior dividend of $1.77, marking the 43rd consecutive year of dividend increases. The dividend is payable on May 12, 2025 to shareholders of record at the close of business on April 1, 2025.


January 23, 2025


  • NCC AB (NCC) to build four buildings in central Uppsala; NCC has been commissioned by Malmegårds Fastigheter AB to build four buildings with 122 new apartments and associated retail and office premises in the Torbjörns torg district of central Uppsala. The project is a turnkey contract in partnering form with an order value of approximately SEK 310 million.


  • NCC AB (NCC) to build 174 apartments in Uppsala, with a 40 percent reduction in carbon emissions; NCC has been commissioned by Uppsalahem to build Takryttaren, consisting of 174 rental apartments in the Kapellgärdet district of central Uppsala. Using what is known as a ‘climate budget’, NCC and Uppsalahem have jointly succeeded in reducing carbon emissions in the project by 40 percent compared with the original estimate. The project is a turnkey contract in partnering form with an order value of approximately SEK 290 million.


  • Texas Instruments Incorporated (TXN) Reports Q4 2024 and 2024 Financial Results; TXN reports fourth quarter GAAP EPS of $1.30, 13% below last year's result but $0.10 more than expected. Revenue of $4.01 billion beats analyst estimates by $140 million but decreased 1.7% versus the same quarter last year. Management guides first quarter revenue in the range of $3.74 billion to $4.06 billion and earnings per share between $0.94 and $1.16.




  • Union Pacific Corporation (UNP) Reports Fourth Quarter and Full Year 2024 Results; UNP reports Q4 GAAP EPS of $2.91, beating analyst estimates by $0.12 and increased 7% year-over-year. Revenue of $6.1 billion misses analyst estimates by $50 million and decreased 1.0% versus the same quarter last year. For FY 25 Management guides earnings per share growth to be consistent with attaining the 3-year CAGR target of high-single to low-double digit, share repurchases of $4.0 to $4.5 billion.


January 24, 2025


  • Telia Company AB (TELIA) agrees to sell its shares in Marshall Group; TELIA has entered an agreement with HongShan Group to sell its 9.6% shareholding in Marshall Group for EUR 101 million (SEK 1.15 billion). The transaction is expected to close in the second quarter, and reflects Telia’s active portfolio management and focus on growth in its core connectivity business in the Nordics and Baltics. Telia intends to use the transaction proceeds for deleveraging purposes.


  • Verizon Communications Inc. (VZ) Reports Fourth Quarter 2024 Results; VZ reports Non-GAAP EPS of $1.10, in line with analyst estimates and increasing 1.85% year-over-year. Revenue grew 1.7% to $35.7 billion, which was $360 million more than expected. Subscriber additions in Broadband were 408,000, and in fixed wireless, they were 373,000. The company had a base of nearly 4.6 million fixed wireless subscribers at the end of Q4. For 2025 management guides total wireless service revenue growth of 2% to 2.8%, adjusted EBITDA growth of 2% to 3.5%, and adjusted EPS growth of 0% to 3%.


  • NextEra Energy, Inc. (NEE) Reports Fourth-Quarter and Full-Year 2024 Financial Results; NEE reports Q4 Non-GAAP EPS of $0.53, 1.92% above last year's result and in line with analyst estimates. Revenue fell 21.5% to $5.39 billion, missing analyst estimates by $2.56 billion. For 2025, Management continues to expect adjusted earnings per share to be in the range of $3.45 to $3.70. For 2026 and 2027, Management expects adjusted earnings per share to be in the ranges of $3.63 to $4.00 and $3.85 to $4.32, respectively. Management also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2026, off a 2024 base.



Articles that caught my attention:





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