Sunday, August 10, 2025

Week in Review 32/25



 

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:


August 4, 2025


  • €49.96 – CVS Health Corporation (CVS)
  • €33.17 – Power Corporation of Canada (TSE:POW)


August 5, 2025


  • €116.52 – Telia Company (TELIA)


August 7, 2025


  • €47.73 – JPM Global Equity Premium Income Active UCITS ETF (JGPI.DE)
  • €21.80 – JPM US Equity Premium Income Active UCITS ETF (JEIP.DE)
  • €32.74 – JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP.DE)


August 8, 2025


  • €38-25 – General Dynamics Corporation (GD)


Week 32: Total net dividends €340.17



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



My Portfolio's Transactions:



August 5, 2025



  • I purchased 57 shares of JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP.DE) at €21.575 per share plus commission.


Based on the latest announcement, for August JEQP pays a dividend of 0.2472. During the nine month period, JEQP has declared a total dividend of $1.8656, if the dividend remains at this level in the future, it will be $2.4875 per year. At today's exchange rate, that purchase 57 shares of JEQP will increase €82.56 of my expected annual net dividend income. After this acquisition my yield on cost is 9.63%, JEQP’s weight of my portfolio is about 0.94% and its share of future annual dividend income is approximately 2.10%. For now, my plan is to increase the amount of JEIP in my portfolio on a monthly basis.



Portfolio Holdings News:



August 4, 2025


  • ONEOK, Inc. (OKE) Announces Second Quarter 2025 Earnings; OKE reported Q2 2025 GAAP EPS of $1.34, up 0.8% year-over-year and beating analyst estimates by $0.01. Adjusted EBITDA reached $1.98 billion, up from $1.62 billion in the prior year and includes $21 million in transaction costs. Management reaffirmed its 2025 financial guidance ranges.


  • Illinois Tool Works Inc. (ITW) Increased Quarterly Dividend; The Board of Directors of Illinois Tool Works Inc. ITW authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.11 per share – or $0.44 per share annually – versus the current dividend rate. The dividend will be paid on October 10, 2025 to shareholders of record as of September 30, 2025.


  • RTX Corporation (RTX) has been awarded a massive $50 billion umbrella contract for a 20-year period, with an estimated completion date of July 31, 2045.


  • LTC Properties, Inc. (LTC) Reports 2025 Second Quarter Results; LTC reported Q2 FFO of $0.68, up 1.5% year-over-year and beating analyst expectations by $0.01. Revenue rose 20.2% to $60.24 million, surpassing estimates by $7.15 million. Management raised 2025 core FFO guidance to a range of $2.67 to $2.71 per share, up from the prior range of $2.65 to $2.69.


August 5, 2025


  • Aktia Bank Plc's (AKTIA) Half-year report January-June 2025; AKTIA reported Q2 2025 comparable EPS of €0.29, missing analyst expectations by €0.01 and marking a 14.7% decline year-over-year. Total operating income fell 4.4% to €73.3 million, though it beat estimates by €1.2 million. Comparable operating profit declined 15% to €26.2 million. The CET1 ratio stood at 12.8%, down from 13.0% in the prior quarter.


  • Duke Energy Corporation (DUK) Reports Second-Quarter 2025 Financial Results; DUK reported second-quarter non-GAAP earnings per share of $1.25, a 5.9% increase year-over-year and $0.087 above analyst expectations. Revenue rose 4.7% to $7.51 billion, beating estimates by $40 million. Management reaffirmed its 2025 adjusted EPS guidance range of $6.17 to $6.42, along with its long-term adjusted EPS growth target of 5% to 7% annually through 2029, based on the 2025 midpoint of $6.30.



  • Pfizer Inc. (PFE) Reports Second-Quarter 2025 Results; PFE reported second-quarter Non-GAAP EPS of $0.78, reflecting a 30% year-over-year increase and beating analyst estimates by $0.21. Revenue came in at $14.65 billion, up 10.3% year-over-year, exceeding expectations by $1.12 billion. Management raised full-year 2025 guidance, now expecting revenue between $61.0 and $64.0 billion and Adjusted diluted EPS between $2.90 and $3.10.


  • Amgen Inc. (AMGN) Reports Second Quarter 2025 Financial Results; AMGN reported second-quarter results, with non-GAAP earnings per share of $6.02—up 21% year over year and $0.74 ahead of analyst expectations. Revenue rose 9.4% to $9.18 billion, exceeding estimates by $270 million. Looking ahead, management now expect 2025 total revenues in the range of $35.0 billion to $36.0 billion and non-GAAP earnings per share between $20.20 and $21.30.


  • Eaton Corporation plc (ETN) Reports Record Second Quarter 2025 Results; ETN reported second-quarter non-GAAP earnings per share of $2.95, exceeding analyst estimates by $0.03 and marking a 8% year-over-year increase. Revenue rose 9.8% to $7.03 billion, beating expectations by $120 million. For the full year 2025, management projects organic growth of 8.5% to 9.5% and guides for adjusted earnings per share in the range of $11.97 to $12.17—representing an 12% increase at the midpoint compared to the prior year.


  • Aflac Incorporated (AFL) Announces Second Quarter Results; AFL reported second-quarter non-GAAP earnings per share of $1.78, down 2.7% year-over-year but $0.07 above analyst expectations. Revenue came in at $4.16 billion, falling short of estimates by $160 million and declining 19.1% from the same quarter last year. Adjusted book value per share was $51.78 as of June 30, 2025, slightly down from $52.26 a year earlier.


  • Archer-Daniels-Midland Company (ADM) Reports Second Quarter 2025 Results; ADM reported non-GAAP earnings per share of $0.93 for the quarter, exceeding analyst expectations by $0.13 despite a 10% decline compared to the same period last year. Revenue fell 4.9% year-over-year to $21.17 billion, missing estimates by $640 million. Management narrowed its full-year 2025 adjusted EPS guidance to approximately $4.00, down from the previous range of $4.00 to $4.75.


  • NNN REIT, Inc. (NNN) Announces Second Quarter 2025 Results: NNN reported second-quarter funds from operations (FFO) of $0.84 per share, in line with analyst expectations and representing a 1.2% year-over-year increase. Revenue rose 4.6% to $226.8 million, beating estimates by $2.52 million. Sold 23 properties for $51.2 million, including $24.7 million of income producing properties at a weighted average cap rate of 6.2%. Management updated its full-year 2025 guidance, projecting core FFO per share between $3.34 and $3.39 and adjusted FFO (AFFO) per share between $3.40 and $3.45.


August 6, 2025


  • Sampo plc Group’s (SAMPO) Results for April-June 2025; SAMPO reported quarterly earnings per share of €0.14, beating analyst expectations by €0.01 and marking a 16% year-over-year increase. Profit before taxes rose 18% to €526 million, exceeding estimates by €96 million. The underwriting result improved to €393 million from €321 million a year ago, also ahead of the €382 million consensus. Management raised its full-year guidance, now expecting premium income between €8.9 billion and €9.1 billion (up from €8.8–€9.1 billion) and underwriting profit between €1.425 billion and €1.525 billion (previously €1.40–€1.50 billion).


  • Koninklijke Ahold Delhaize N.V. (AMS:AD) Q2 2025 Interim Report; AD reported second-quarter diluted underlying EPS of €0.65, up 0.7% year-over-year. Revenue reached €23.09 billion, up 6.5% at constant exchange rates and up 3.3% 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 Second Quarter of 2025; AVA reported GAAP EPS of $0.17 for the quarter, down 41.4% year-over-year and missing analyst expectations by $0.13. Revenue grew 2.4% to $400 million but came in $11.41 million below estimates. Despite the weaker quarter, management reaffirmed its full-year 2025 consolidated earnings guidance, maintaining the projected range of $2.52 to $2.72 per diluted share.


  • Pinnacle West Capital Corporation (PNW) Reports 2025 Second-Quarter Financial Results; PNW reported second-quarter GAAP EPS of $1.58, down 10.2% year-over-year. Revenue increased 3.8% to $1.36 billion, beating analyst expectations by $10 million. Management reaffirmed its full-year 2025 consolidated earnings guidance, maintaining the projected EPS range of $4.40 to $4.60 and reaffirmed their long-term sales growth guidance of 4% to 6% through 2027.


  • UGI Corporation (UGI) Reports Third Quarter Results; UGI reported third-quarter non-GAAP earnings per share of -$0.01, down from $0.06 in the same period last year but beating analyst expectations by $0.08. Revenue rose 1.0% year over year to $1.39 billion, though it fell short of estimates by $290 million. Management indicated they expect full-year 2025 adjusted EPS to be at the upper end of the guidance range of $3.00 to $3.15 per share.


  • McDonald's Corporation (MCD) Reports Second Quarter 2025 Results; MCD reported second-quarter non-GAAP EPS of $3.19, up 7% year-over-year and $0.04 ahead of analyst expectations. Revenue rose 5.4% to $6.84 billion, surpassing estimates by $140 million. The company plans to open 2,200 new restaurants and expects net unit growth to contribute slightly over 2% to 2025 systemwide sales growth in constant currency. Management also anticipates an operating margin in the mid-to-high 40% range and capital expenditures between $3.0 and $3.2 billion for 2025.


  • Emerson Electric Co. (EMR) Reports Third Quarter 2025 Results; EMR reported third-quarter non-GAAP EPS of $1.52, up 6.3% year-over-year and slightly above analyst expectations by $0.01. Revenue grew 3.9% to $4.55 billion, though it fell short of estimates by $60 million. For full-year 2025, management expects net sales growth of approximately 3.5%, adjusted EPS of around $6.00, and free cash flow of about $3.2 billion.


  • Nutrien Ltd. (NTR) Reports Second Quarter 2025 Results; NTR reported second-quarter non-GAAP EPS of $2.65, a 13% increase year-over-year, surpassing analyst expectations by $0.24. Revenue rose 2.8% from the prior year to $10.44 billion, aligning with estimates. Management reaffirmed most of its full-year operational guidance, while slightly raising its potash volume outlook and effective tax rate guidance.



  • Manulife Financial Corporation (MFC) Reports second Quarter 2025 Results; MFC reported core earnings of C$0.95 per share for Q2 2025, a 2% increase from C$0.91 in the same period last year, though slightly below the consensus estimate of C$0.96. Global Wealth and Asset Management net inflows improved to C$0.9 billion, up from C$0.5 billion in Q1 and C$0.1 billion in Q2 2024. Book value per common share rose to C$24.90 as of June 30, 2025, compared to C$23.71 a year earlier.



  • South Bow Corporation (SOBO) Reports Second-Quarter 2025 Results; SOBO reported GAAP EPS of $0.46 for the quarter, beating analyst expectations by $0.10 and marking a 9.6% year-over-year increase. Revenue totaled $524 million, down 5.4% from the prior year but exceeded estimates by $71 million. Management reaffirmed its 2025 outlook, maintaining guidance for normalized EBITDA of approximately $1.01 billion.


August 7, 2025


  • ConocoPhillips (COP) Announces Second-Quarter 2025 Results; COP reported second-quarter Non-GAAP EPS of $1.42, beating analyst expectations by $0.06 but reflecting a 28.3% decline compared to the prior year. Revenue rose 4.3% year-over-year to $14.74 billion, slightly surpassing the consensus estimate of $14.68 billion. Production averaged 2.391 million barrels of oil equivalent per day (boe/day), an increase of 446K boe/day from a year earlier. Management expects Q3 production between 2.33M and 2.37M boe/day, and full-year production between 2.35M and 2.37M boe/day.


  • Gilead Sciences, Inc. (GILD) Announces Second Quarter 2025 Financial Results; GILD reported second-quarter Non-GAAP EPS of $2.01, unchanged from the same period in 2024 and $0.05 above analyst expectations. Revenue rose 1.9% year-over-year to $7.08 billion, beating estimates by $120 million. Management raised its full-year 2025 outlook, now expecting product sales between $27.3 billion and $27.7 billion—an increase of $0.5 billion—and projected full-year diluted EPS in the range of $7.95 to $8.25, up $0.20 at the midpoint from prior guidance.


  • Viatris Inc. (VTRS) Reports Second Quarter 2025 Results; VTRS reported Q2 Non-GAAP EPS of $0.62, down 10% year-over-year but beating analyst expectations by $0.06. Revenue declined 5.8% to $3.58 billion, ahead of estimates by $120 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 $2.30.


  • Kontoor Brands, Inc. (KTB) Reports 2025 Second Quarter Results; KTB reported second-quarter non-GAAP earnings per share of $1.21, a 23% increase year over year and $0.38 above analyst expectations. Revenue came in at $658 million, beating estimates by $24.3 million and increased 8.4% compared to the same period last year. Management updated its full-year 2025 outlook, now projecting revenue between $3.09 billion and $3.12 billion, reflecting an expected increase of approximately 19% to 20%. Adjusted EPS is now forecasted to be approximately $5.45.


  • Main Street Capital Corporation (MAIN) Announces Second Quarter 2025 Results; MAIN reported Q1 2025 net investment income (NII) of $1.06 per share, a 3% year-over-year increase and $0.07 above analyst expectations. Total investment income rose 8.9% to $143.97 million, beating estimates by $6.75 million. Net asset value per share increased to $32.30 as of June 30, 2025, up from $31.65 at the end of 2024.


  • Power Corporation of Canada (TSE:POW) Reports Second Quarter 2025 Financial Results; POW reported adjusted earnings of C$1.38 per share for the quarter ended June 30, up from C$1.17 in the same period last year and beating the analyst consensus of C$1.29. Revenue increased 26.2% year-over-year to C$9.23 billion. Book value per share rose slightly to C$35.90 as of June 30, 2025, compared to C$35.56 at the end of 2024.


  • Pembina Pipeline Corporation (TSE:PPL) Reports Results for the Second Quarter of 2025; PPL reported second-quarter GAAP EPS of C$0.65, down from C$0.75 a year earlier and in line with analyst expectations. Revenue surged 48.2% year-over-year to C$1.79 billion, exceeding estimates of C$1.67 billion. Management updated its 2025 adjusted EBITDA guidance range slightly to C$4.225 billion to C$4.425 billion (from C$4.2 billion to C$4.5 billion), noting performance is trending toward the midpoint of the range. The company also expects third-quarter results to be largely in line with the second quarter, with stronger performance anticipated in the fourth quarter due to seasonal and asset-specific factors.



August 8, 2025


  • NN Group N.V. (AMS:NN) Reports 1H Results; NN reported first-half 2025 results, with Operating Capital Generation (OCG) rising 6% year-over-year to €1,020 million. The Solvency II ratio improved to 208%, up from 194% at the end of 2024. Operating result increased to €1,443 million, compared to €1,329 million in the first half of 2024. Free Cash Flow (FCF) reached €863 million, keeping the company on track to meet its full-year target of €1.6 billion. NN also announced a 2025 interim dividend of €1.38 per share, representing an 8% increase over the previous year.


  • Emera Incorporated (TSE:EMA) Reports 2025 Second Quarter Financial Results; EMA reported second-quarter adjusted net income of C$0.79 per share, marking a 49% year-over-year increase and surpassing analyst expectations by C$0.14. Looking ahead, the company reaffirmed its targets of 5% to 7% average annual adjusted EPS growth through 2027 and 7% to 8% projected rate base growth through 2029.




Articles that caught my attention:





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