Sunday, May 11, 2025

Week in Review 19/25



 

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:



May 6, 2025


  • €234.30 – Sampo Oyj (SAMPO)


May 7, 2025


  • €147.16 – Avance Gas Holding Ltd. (AVANCE)
  • €55.12 – JPM Global Equity Premium Income Active UCITS ETF (JGPI.DE)
  • €8.88 – JPM US Equity Premium Income Active UCITS ETF (JEIP.DE)
  • €20.06 – JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP.DE)


May 9, 2025


  • €39.72 – General Dynamics Corporation (GD)


Week 19: Total net dividends €505.23


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



My Portfolio's Transactions:



May 5, 2025



  • I purchased 24 shares of JPM US Equity Premium Income Active UCITS ETF (JEIP.DE) at €21.29 per share plus commission.


Based on the latest announcement, for June JEIP pays a dividend of $0.0943. During the six month period, JEIP has declared a total dividend of $0.7036, if the dividend remains at this level in the future, it will be $1.4072 per year. At today's exchange rate, that purchase 24 shares of JEIP will increase €21.00 of my expected annual net dividend income. After this acquisition my yield on cost is 6.07%, JEIP’s weight of my portfolio is about 0.50% and its share of future annual dividend income is approximately 0.63%. For now, my plan is to increase the amount of JEIP in my portfolio on a monthly basis.



  • I purchased 33 shares of JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP.DE) at €20.87 per share plus commission.


Based on the latest announcement, for June JEQP pays a dividend of $0.304. During the six month period, JEQP has declared a total dividend of $1.2512, if the dividend remains at this level in the future, it will be $2.5024 per year. At today's exchange rate, that purchase 33 shares of JEQP will increase €51.37 of my expected annual net dividend income. After this acquisition my yield on cost is 10.99%, JEQP’s weight of my portfolio is about 0.56% and its share of future annual dividend income is approximately 1.30%. For now, my plan is to increase the amount of JEIP in my portfolio on a monthly basis.



Portfolio Holdings News:



May 5, 2025


  • Cardinal Health, Inc. (CAH) Raises Quarterly Dividend; CAH announced that its Board of Directors approved an increase to its quarterly dividend, to $0.5107 per share, 1% increase from prior dividend of $0.5056. The dividend will be payable on July 15, 2025, to shareholders of record at the close of business on July 1, 2025.


  • LTC Properties, Inc. (LTC) Reports 2025 First Quarter Results; LTC reported first-quarter funds from operations (FFO) of $0.65 per share, matching analyst estimates but down 5.8% year over year. Revenue came in at $49.03 million, slightly ahead of expectations by $0.14 million, though it declined 4.6% compared to the same period last year. For full-year 2025, management provided guidance for diluted core FFO in the range of $2.65 to $2.69 per share and diluted core funds available for distribution (FAD) between $2.78 and $2.82 per share.



May 6, 2025


  • Duke Energy Corporation (DUK) Reports First-Quarter 2025 Financial Results; DUK reported first-quarter non-GAAP earnings per share of $1.76, marking a 22.2% year-over-year increase and surpassing analyst expectations by $0.17. Revenue rose 7.6% to $8.25 billion, beating estimates by $140 million. Management reaffirmed its full-year 2025 adjusted EPS guidance range of $6.17 to $6.42, compared to the $6.32 consensus. The company also maintained its long-term adjusted EPS growth target of 5% to 7% annually through 2029, based on the 2025 midpoint of $6.30.


  • WEC Energy Group, Inc. (WEC) Reports First-Quarter Results; WEC reported first-quarter GAAP earnings per share of $2.27, up 15.2% year over year and $0.09 above analyst expectations. Revenue totaled $3.15 billion, exceeding estimates by $340 million and rising 17.5% compared to the same quarter last year. Management reaffirmed its full-year 2025 earnings guidance in the range of $5.17 to $5.27 per share.


  • Kontoor Brands, Inc. (KTB) Reports 2025 First Quarter Results; KTB reported first-quarter non-GAAP earnings per share of $1.20, a 3.5% increase year over year and $0.04 above analyst expectations. Revenue came in at $622.9 million, missing estimates by $3.42 million and declining 1.3% compared to the same period last year. Management updated its full-year 2025 outlook, now projecting revenue between $3.06 billion and $3.09 billion, reflecting an expected increase of approximately 17% to 19%. Adjusted EPS is now forecasted in the range of $5.40 to $5.50.


  • Main Street Capital Corporation (MAIN) Announces Monthly Dividend Increase and Supplemental Dividend; MAIN announced that its Board of Directors has declared regular monthly cash dividends of $0.255 per share for each of July, August, and September 2025. These dividends total $0.765 per share for the third quarter, representing a 2.0% increase over the second quarter of 2025 and a 4.1% increase compared to the third quarter of 2024. Additionally, the Board declared a supplemental cash dividend of $0.30 per share, payable in June 2025.


  • Archer-Daniels-Midland Company (ADM) Reports First Quarter 2025 Results; ADM reported non-GAAP earnings per share of $0.70 for the quarter, surpassing analyst expectations by $0.03 despite a 52% year-over-year decline. Revenue fell 7.6% to $20.18 billion, missing estimates by $1.87 billion. Management reaffirmed its full-year 2025 adjusted EPS guidance range of $4.00 to $4.75 but indicated results are now expected to come in at the lower end of that range.



May 7, 2025


  • Sampo plc Group’s (SAMPO) Results for January-March 2025; SAMPO reported earnings per share of €0.11 for the quarter, beating analyst expectations by €0.01 despite a 22% year-over-year decline. Profit before taxes came in at €377 million, exceeding estimates by €27 million but down 19% from the prior-year period. The underwriting result rose to €336 million from €260 million a year earlier, outperforming the €325 million forecast by analysts. Management raised its full-year guidance, now expecting premium income between €8.8 billion and €9.1 billion (previously €8.7–€9.0 billion), and underwriting profit between €1.4 billion and €1.5 billion (previously €1.35–€1.45 billion).


  • Aktia Bank Plc (AKTIA) Interim Report January-March 2025; AKTIA reported its Q1 2025 results, with comparable earnings per share (EPS) coming in at €0.32, in line with analyst expectations but down 16% year-over-year. Total operating income declined by 5% to €73.5 million, falling short of estimates by €3.0 million. Comparable operating profit decreased 15% to €28.7 million, missing expectations by €0.5 million. CET1 ratio was 13.0%, compared with 12.09% at the end of the prior quarter.


  • Ahold Delhaize N.V. (AMS:AD) Q1 2025 Interim Report; AD reported first-quarter diluted underlying EPS of €0.62, up 4.6% year-over-year and in line with analyst expectations. Revenue reached €23.3 billion, reflecting a 5.0% increase at constant exchange rates and a 7.1% increase at actual exchange rates. Management reaffirmed its full-year 2025 outlook, including an underlying operating margin of approximately 4%, mid- to high-single-digit underlying EPS growth (based on an average USD/EUR exchange rate of 1.10), and free cash flow of at least €2.2 billion.


  • Avista Corporation (AVA) Reports Financial Results for the First Quarter of 2025; AVA reported GAAP EPS of $0.98 for the quarter, representing a 7.7% year-over-year increase, though falling short of analyst expectations by $0.05. Revenue rose 1.4% to $603 million, missing estimates by $28.85 million. Management reaffirmed its consolidated earnings guidance for full-year 2025, maintaining the projected range of $2.52 to $2.72 per diluted share.


  • UGI Corporation (UGI) Reports Second Quarter Results; UGI reported second-quarter Non-GAAP EPS of $2.21, reflecting a 12.2% year-over-year increase and beating analyst expectations by $0.40. Revenue came in at $2.67 billion, missing estimates by $550 million but marking an 8.1% increase compared to the same quarter last year. Management raised its fiscal 2025 adjusted EPS guidance to a range of $3.00 to $3.15 per share.


  • Emerson Electric Co. (EMR) Reports Second Quarter 2025 Results; EMR reported second-quarter Non-GAAP EPS of $1.48, representing a 9% year-over-year increase and exceeding analyst expectations by $0.07. Revenue came in at $4.43 billion, up 1.1% from the prior year and $50 million above estimates. For full-year 2025, management now expects net sales growth of approximately 4%, with adjusted EPS projected in the range of $5.90 to $6.05. Free cash flow guidance has been raised to a range of $3.1 billion to $3.2 billion.



  • Manulife Financial Corporation (MFC) Reports First Quarter 2025 Results; MFC reported core earnings of C$0.99 per share for the first quarter, a 3% increase from C$0.96 in the prior-year period and slightly above the consensus estimate of C$0.98. Revenue rose to C$2.13 billion, up from C$1.89 billion a year ago. Global Wealth and Asset Management net inflows totaled C$0.5 billion, down from C$6.7 billion in Q1 2024. Book value per common share increased to C$25.88 as of March 31, 2025, compared to C$23.09 at March 31, 2024.


  • Fortis Inc. (FTS) Releases First Quarter 2025 Results; FTS reported first-quarter GAAP EPS of C$1.00, a 7.3% increase from the prior year and C$0.03 above analyst expectations. Revenue rose 7.1% year-over-year to C$3.34 billion, slightly exceeding the consensus estimate of C$3.32 billion. Management reaffirmed its long-term outlook, stating that continued growth in its regulated rate base is expected to support annual dividend increases of 4% to 6% through 2029.




May 8, 2025


  • Mandatum plc (MANTA) Interim Report January-March 2025; MANTA reported Q1 2025 earnings per share (EPS) of €0.10, missing analyst expectations by €0.01 but marking a 33% increase year-over-year. Fee and commission income rose 23% to €18.8 million, although it came in slightly below the forecast of €19.1 million. Client assets under management grew by 12% compared to the same period last year, reaching €14.0 billion, up from €12.5 billion.



  • ConocoPhillips (COP) Announces First-Quarter 2025 Results; COP reported Q1 Non-GAAP EPS of $2.09, exceeding estimates by $0.04 and marking a 3% year-over-year increase. Production averaged 2.389 million barrels of oil equivalent per day, surpassing prior guidance. For full-year 2025, management reaffirmed production guidance, expecting low single-digit growth, while lowering capital spending to a range of $12.3 billion to $12.6 billion.


  • Viatris Inc. (VTRS) Reports First Quarter 2025 Results; VTRS reported Q1 Non-GAAP EPS of $0.50, down 25% year-over-year but beating analyst expectations by $0.01. Revenue declined 11.2% to $3.25 billion, slightly ahead of estimates by $10 million. For full-year 2025, management reaffirmed guidance, projecting revenue between $13.5 billion and $14.0 billion and adjusted EPS in the range of $2.12 to $2.26.



  • Pembina Pipeline Corporation (TSE:PPL) Reports Results for the First Quarter of 2025; PPL reported Q1 2025 Non-GAAP EPS of C$0.80, up from C$0.73 in the prior year, but C$0.02 below analyst expectations. Revenue rose to C$2.28 billion, a significant increase from C$1.54 billion last year, though it missed estimates by C$60 million. Management indicated the company is trending toward the midpoint of its 2025 adjusted EBITDA guidance range of C$4.2 billion to C$4.5 billion.



  • Canadian Natural Resources Limited (CNQ) Announces 2025 First Quarter Results; CNQ reported first-quarter Non-GAAP EPS of C$1.16, an increase from C$0.68 in the same period last year and C$0.14 above analyst expectations. Revenue rose significantly to C$10.94 billion, up from C$8.24 billion a year ago and surpassing estimates of C$9.80 billion, reflecting strong operational and commodity pricing performance. Management announced a C$100 million reduction in its annual capital budget, now set at C$6.05 billion, while emphasizing that this adjustment will not affect its planned operations or 2025 production targets.


  • Emera Incorporated (TSE:EMA) Reports 2025 First Quarter Financial Results; EMA reported Q1 adjusted net income of C$1.28 per share, up from C$0.76 per share a year earlier and exceeding the analyst estimate of C$1.02 per share. Looking ahead, management reaffirmed its guidance for average adjusted earnings per share growth of 5–7% annually through 2027, supporting its long-term financial outlook.


May 9, 2025


  • TELUS Corporation (TSE:T) Reports Operational and Financial Results for First Quarter 2025; T reported Q1 2025 Non-GAAP EPS of C$0.26, unchanged from the previous year, and beating analyst expectations by C$0.04. Total operating revenue for the quarter reached C$5.06 billion, up from C$4.93 billion a year earlier and exceeding the expected C$5.01 billion. The company also added 218,000 net customers, a 9,000 increase from the same period last year.


  • TELUS Corporation (TSE:T) Increased Quarterly Dividend; T's Board of Directors declared a quarterly dividend of C$0.4163 per share payable on July 2, 2025 to holders of record at the close of business on June 10, 2025. This quarterly dividend reflects an increase of 7 per cent from the $0.3891 per share dividend declared one year earlier.


  • Enbridge Inc. (ENB) Reports Quarterly Results and Reaffirms 2025 Financial Guidance; ENB reported Q1 Non-GAAP EPS of C$1.03, a 12% increase year-over-year, surpassing analyst expectations by C$0.08. Operating revenue for the quarter rose to C$18.50 billion, up from C$11.04 billion a year earlier, exceeding the expected C$11.57 billion. Distributable cash flow (DCF) also increased by 9%, reaching C$3.8 billion compared to C$3.5 billion in 2024. Management reaffirmed its 2025 financial guidance, expecting adjusted EBITDA between C$19.4 billion and C$20.0 billion and DCF per share between C$5.50 and C$5.90.




Articles that caught my attention:





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