Sunday, November 2, 2025

Week in Review 44/25

 



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:



October 28, 2025


  • €62.42 – Canadian Imperial Bank of Commerce (TSE:CM)


October 29, 2025


  • €83.57 – The Bank of Nova Scotia (TSE:BNS)


October 31, 2025


  • €37.22 – Edison International (EIX)
  • €12.21 – LTC Properties, Inc. (LTC)
  • €96.70 – The Toronto-Dominion Bank (TSE:TD)
  • €66.54 – TC Energy Corporation (TSE:TRP)
  • €19.09 – Capital Power Corporation (TSE:CPX)


Week 44: Total net dividends €377.75



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



My Portfolio's Transactions:



October 29, 2025


  • I purchased 20 shares of ONEOK, Inc. (OKE) at $68.32 per share plus commission.


At today's exchange rate, that purchase 20 shares of OKE will increase €53.25 of my expected annual net dividend income. Following this acquisition, the portfolio now contains a total of 110 ONEOK, Inc. shares at an average purchase price of $44.27 and yield on cost is 9.28%. After this acquisition, OKE ’s weight of my portfolio is about 0.85% and its share of future annual dividend income is approximately 1.26%.



Portfolio Holdings News:



October 27, 2025


  • QUALCOMM Incorporated (QCOM) Unveils AI200 and AI250; QCOM announced the launch of its next-generation AI inference-optimized solutions for data centers: the Qualcomm® AI200 and AI250 chip-based accelerator cards, and racks. Building off the Company’s NPU technology leadership, these solutions offer rack-scale performance and superior memory capacity for fast generative AI inference at high performance per dollar per watt—marking a major leap forward in enabling scalable, efficient, and flexible generative AI across industries.


  • Essential Utilities, Inc. (WTRG) and American Water to Merge as a Leading Regulated U.S. Water and Wastewater Utility; WTRG and American Water Works Company, Inc. (AWK) announced that each company’s board of directors has unanimously approved a definitive agreement to combine in an all-stock, tax-free merger as a leading regulated U.S. water and wastewater public utility with a pro forma market capitalization of approximately $40 billion and a combined enterprise value of approximately $63 billion, based on closing stock prices as of October 24, 2025. Under the terms of the agreement, Essential shareholders will receive 0.305 shares of American Water for each share of Essential they own at the closing of the transaction.


  • H2O America (HTO) Announces Third Quarter 2025 Financial Results; HTO reported Q3 non-GAAP EPS of $1.27, reflecting an 8.6% year-over-year increase and beating analyst expectations by $0.09. Revenue grew 6.9% to $240.6 million, surpassing estimates by $2.1 million. Management narrowed its 2025 adjusted diluted EPS guidance to a range of $2.95–$3.00 and reaffirmed its non-linear long-term diluted EPS growth target of 5%–7% through 2029, anchored off 2022’s diluted EPS of $2.43.



October 28, 2025


  • Orion Corporation (ORION) Interim Report January–September 2025; ORION reported third-quarter earnings per share of €0.68, missing analyst expectations by €0.01 and marking a 40.4% year-over-year decline. Net sales for July–September totaled €423.2 million, down from €471.3 million in the same period last year. The prior-year figure was boosted by €130 million in milestone payments from the Nubeqa collaboration with Bayer. Analysts had expected net sales of €430.4 million for the quarter. According to the company’s updated guidance, management now anticipates full-year revenue of €1.64–1.72 billion and operating profit of €410–490 million.



  • NextEra Energy, Inc. (NEE) Reports Third-Quarter 2025 Financial Results; NEE reported third-quarter non-GAAP earnings per share of $1.13, beating analyst expectations by $0.11 and rising 9.7% year-over-year. Revenue increased 5.3% to $7.97 billion, though it fell short of estimates by $1.25 billion. For 2025, management reaffirmed its adjusted EPS guidance in the range of $3.45 to $3.70 and maintained its expectation to grow dividends per share by approximately 10% annually through at least 2026, based on the 2024 dividend level.


  • Edison International (EIX) Reports Third Quarter 2025 Results; EIX reported third-quarter non-GAAP earnings per share of $2.34, up 55% year-over-year and beating analyst expectations by $0.16. Revenue rose 10.6% year-over-year to $5.75 billion, which was in line with analyst estimates. Management narrowed its 2025 core EPS guidance to a range of $5.95–$6.20 and maintained its long-term core EPS growth outlook of 5% to 7% annually from 2025 through 2028.


  • ONEOK, Inc. (OKE) Announces Third Quarter 2025 Earnings; OKE reported third-quarter 2025 GAAP EPS of $1.49, up 26.3% year-over-year and $0.04 above analyst estimates. Adjusted EBITDA rose to $2.12 billion from $1.55 billion a year earlier, including $7 million in transaction costs. Management reaffirmed its 2025 guidance for both net income and adjusted EBITDA.



  • United Parcel Service, Inc. (UPS) Releases 3Q 2025 Earnings; UPS reported third-quarter non-GAAP earnings per share of $1.74, down 1.1% year-over-year but $0.44 above analyst expectations. Revenue totaled $21.4 billion, exceeding estimates by $560 million despite a 3.6% decline from the same period last year. For the fourth quarter of 2025, management expects consolidated revenue of approximately $24.0 billion and a non-GAAP adjusted operating margin of around 11.0%–11.5%.


  • Visa Inc. (V) Reports Fiscal Fourth Quarter and Full-Year 2025 Results; V reported fourth-quarter non-GAAP earnings per share (EPS) of $2.98, up 10% year-over-year and $0.01 above analyst expectations. Revenue increased 11.4% to $10.72 billion, exceeding estimates by $100 million. For the first quarter, management expects Class A EPS growth in the low teens, net revenue growth at the high end of the low double-digit range, and operating expense growth in the low double digits.


  • Visa Inc. (V) Increases Quarterly Dividend; The Board of Directors of V has declared a quarterly cash dividend of $0.67 per share, representing a 13.6% increase from the prior dividend of $0.59 per share. The dividend is payable on December 1, 2025, to shareholders of record as of November 12, 2025.


  • Ares Capital Corporation (ARCC) Announces September 30, 2025 Financial Results; ARCC reported third-quarter non-GAAP earnings per share of $0.50, representing a 13.8% year-over-year decline, but in line with analyst expectations. Total investment income came in at $782 million, up 0.9% from the same quarter last year and exceeding estimates by $15.4 million. As of October 23, 2025, the company reported an investment backlog of approximately $3.0 billion.


  • W. P. Carey Inc. (WPC) Announces Third Quarter 2025 Financial Results; WPC reported third-quarter adjusted funds from operations (AFFO) of $1.25 per share, beating analyst expectations by $0.04 and rising 5.9% year-over-year. Revenue increased 8.5% to $431.3 million, exceeding estimates by $6.5 million. Management raised and narrowed its 2025 AFFO guidance to a range of $4.93–$4.99 per diluted share, reflecting higher anticipated full-year investment volume of $1.8 billion to $2.1 billion.


October 29, 2025


  • Neste Corporation's (NESTE) Interim report for January–September 2025; NESTE reported third-quarter comparable EPS of €0.23, up from €0.02 in the same period last year and above analyst expectations of €0.01. Net sales declined to €4,534 million from €5,624 million a year earlier, missing the consensus estimate of €5,176 million. Despite the revenue shortfall, management maintained its market outlook, noting that sales volumes of renewable products and oil products are expected to grow in 2025 compared with 2024. The company’s guidance remains unchanged.


  • UPM-Kymmene Corporation (UPM) Interim Report Q3 2025; UPM reported third-quarter comparable EPS of €0.19, missing analyst expectations by €0.03 and down 54.8% year over year. Revenue fell 8.9% to €2,298 million, coming in €35 million below analyst estimates, reflecting weaker demand and lower paper prices. Management expects adjusted operating profit for the July–December period to range between €425 million and €650 million, in line with its previous outlook.


  • Verizon Communications Inc. (VZ) Reports 3Q 2025 Earnings; VZ reported third-quarter non-GAAP EPS of $1.21, up 1.7% year over year and $0.02 above analyst expectations. Revenue rose 1.5% to $33.8 billion, though it fell short of estimates by $470 million. Wireless equipment revenue totaled $5.6 billion, representing a 5.2% year-over-year increase. For 2025, management raised its full-year guidance, now expecting adjusted EBITDA growth of 2.5% to 3.5%, adjusted EPS growth of 1% to 3%, and free cash flow between $19.5 billion and $20.5 billion.


  • CVS Health Corporation (CVS) Reports Third Quarter 2025 Results; CVS reported third-quarter non-GAAP EPS of $1.60, up 46.8% year over year and beating analyst expectations by $0.24. Revenue rose 7.8% to $102.9 billion, exceeding estimates by $4.07 billion. Management raised its full-year 2025 adjusted EPS guidance to a range of $6.55–$6.65, up from the previous outlook of $6.30–$6.40. The company also updated its cash flow from operations guidance to a range of $7.5 billion–$8.0 billion, from at least $7.5 billion previously.


  • Starbucks Corporation (SBUX) Reports Q4 and Full Fiscal Year 2025 Results; SBUX reported fourth-quarter non-GAAP EPS of $0.52, down 35% year over year and $0.03 below analyst expectations. Revenue increased 5.8% to $9.6 billion, exceeding estimates by $250 million, driven by modest global comparable-store sales growth and continued international expansion. The company reported 107 net store closures during the quarter, ending the period with 40,990 stores worldwide. This included 627 store closures related to the restructuring plan announced on September 25, 2025, with over 90% of the closures occurring in North America.


  • Smurfit Westrock Plc (SW) Reports Third Quarter 2025 Results; SW reported third-quarter Non-GAAP EPS of $0.58, up 9.4% year over year but missing analyst expectations by $0.14. Despite the earnings miss, revenue surged 4.3% year-over-year to $8.0 billion, beating estimates by $110 million. Management now expect to deliver full year adjusted EBITDA of between $4.9 billion to $5.1 billion.


  • Prudential Financial, Inc. (PRU) Announces Third Quarter 2025 Results; PRU reported third-quarter non-GAAP earnings per share (EPS) of $4.26, representing a 9.2% to 27.9% year-over-year increase and beating analyst expectations by $0.54. Book value per common share rose to $90.69, up from $84.47 in the same period last year. Assets under management (AUM) increased to $1.612 trillion, compared with $1.558 trillion a year earlier, reflecting continued growth across the company’s investment and insurance operations.


  • Capital Power Corporation (TSE:CPX) Reports Third Quarter 2025 Results; CPX reported third-quarter GAAP EPS of C$0.94, a 28.8% decrease year-over-year. Adjusted funds from operations (AFFO) rose to C$369 million, up from C$315 million in the prior-year quarter. Revenue and other income totaled C$1.21 billion, compared with C$1.03 billion in the third quarter of 2024. Management reaffirmed its 2025 guidance for both Adjusted EBITDA and AFFO.


October 30, 2025


  • Kesko Corporation (KESKO) Interim Report Q3 2025; KESKO reported third-quarter comparable EPS of €0.36, €0.01 below analyst expectations but up 5.9% year over year. Revenue totaled €3,227.3 million, an increase of 6.6% from the prior year, though €4 million short of estimates. Adjusted operating profit rose to €208.1 million, compared with €201.5 million a year earlier, while analysts had expected €213 million. Management revised its full-year guidance, now expecting adjusted operating profit between €640 million and €690 million, slightly narrowing the previous range of €640 million to €700 million.


  • WEC Energy Group, Inc. (WEC) Reports Third-Quarter Results; WEC reported third-quarter GAAP EPS of $0.83, up 9.2% year over year and $0.02 above analyst expectations. Revenue totaled $2.14 billion, exceeding estimates by $240 million and rising 15.1% from the same period last year. Management reaffirmed its full-year 2025 earnings guidance of $5.17 to $5.27 per share, assuming normal weather conditions for the remainder of the year.


  • Kimberly-Clark Corporation (KMB) Announces Third Quarter 2025 Results; KMB reported third-quarter non-GAAP EPS of $1.82, matching last year’s result and beating analyst expectations by $0.07. Revenue rose 0.2% to $4.15 billion, exceeding estimates by $50 million. Looking ahead, management expects 2025 adjusted operating profit to grow at a low single-digit rate on a constant-currency basis compared with the prior year, and projects adjusted free cash flow of approximately $2 billion for 2025.


  • Bristol-Myers Squibb Company (BMY) Reports Third Quarter Financial Results for 2025; BMY reported third-quarter non-GAAP EPS of $1.63, reflecting a 9% year-over-year decline but coming in $0.11 above analyst expectations. Revenue totaled $12.22 billion, up 2.8% from the same period last year and beating estimates by $420 million. Management raised its full-year 2025 revenue guidance to a range of $47.5 billion to $48.0 billion and updated its non-GAAP EPS outlook to $6.40–$6.60, which includes a $(0.80) per share net impact related to the acquired IPR&D charge from the BioNTech transaction.


  • Gilead Sciences, Inc. (GILD) Announces Third Quarter 2025 Financial Results; GILD reported third-quarter non-GAAP EPS of $2.47, up 22.3% year over year and $0.33 above analyst expectations. Revenue rose 2.9% to $7.77 billion, surpassing estimates by $310 million. Management raised its full-year 2025 adjusted diluted EPS guidance to $8.05–$8.25, up from the prior range of $7.95–$8.25.


  • Cardinal Health, Inc. (CAH) Reports First Quarter Fiscal Year 2026 Results; CAH reported Q1 non-GAAP EPS of $2.55, a 36% increase year over year and $0.38 above analyst expectations. Revenue for the quarter was $64 billion, exceeding estimates by $4.73 billion and representing a 22% increase compared to the same period last year. Management raises fiscal year 2026 non-GAAP EPS guidance to $9.65 to $9.85 and fiscal year 2026 non-GAAP adjusted free cash flow outlook to $3.0 to $3.5 billion.


  • Altria Group, Inc. (MO) Reports 2025 Third-Quarter Results; MO reported third-quarter adjusted EPS of $1.45, representing a 3.6% year-over-year increase and coming in in line with analyst expectations. Revenue declined 1.5% to $5.26 billion, missing estimates by $50 million. Management raised the lower end of its full-year 2025 guidance and now expects adjusted diluted EPS of $5.37 to $5.45, reflecting a projected growth rate of 3.5% to 5.0% from the 2024 base of $5.19.


  • The Hershey Company (HSY) Reports Third-Quarter 2025 Financial Results; HSY reported third-quarter non-GAAP EPS of $1.30, beating analyst estimates by $0.24 despite a 44.4% year-over-year decline. Revenue totaled $3.18 billion, up 6.4% from the same quarter last year and $60 million above expectations. Looking ahead to full-year 2025, management expects net sales to increase by approximately 3%, while adjusted EPS is projected to decline by 36% to 37%, reflecting ongoing margin pressures and higher input costs.


  • L3Harris Technologies, Inc. (LHX) Reports Third Quarter 2025 Results; LHX reported third-quarter non-GAAP EPS of $2.70, representing a 10% year-over-year increase and $0.13 above analyst expectations. Revenue totaled $5.7 billion, up 7% from the same period last year and $190 million ahead of estimates. Management raised its full-year 2025 total company revenue guidance to $22 billion and updated its non-GAAP EPS outlook to a range of $10.50–$10.70 per share. Free cash flow guidance remains unchanged at $2.65 billion.


  • Omega Healthcare Investors, Inc. (OHI) Reports Third Quarter 2025 Results; OHI reported third-quarter funds from operations (FFO) of $0.78 per share, beating analyst expectations by $0.02 and representing a 9.9% year-over-year increase. Revenue rose 12.9% to $311.59 million, surpassing estimates by $50 million. Management raised its full-year 2025 adjusted FFO (AFFO) guidance to $3.08–$3.10 per share, up from the previous range of $3.04–$3.07.


October 31, 2025


  • Dominion Energy, Inc. (D) Announces Third-Quarter 2025 Results; D reported third-quarter non-GAAP earnings per share of $1.06, an 8.2% increase year over year and $0.11 above analyst expectations. Revenue came in at $4.53 billion, exceeding estimates by $280 million and rising 9.2% compared to the same period last year. Management narrowed its full-year 2025 operating earnings guidance to a range of $3.33 to $3.48 per share.


  • Chevron Corporation (CVX) Reports Third Quarter 2025 Results; CVX reported third-quarter non-GAAP earnings per share of $1.85, a 26.3% decline year-over-year, but $0.14 above analyst expectations. Revenue decreased 1.9% from the same period last year to $49.73 billion, yet still surpassed estimates by $2.31 billion.


  • AbbVie Inc. (ABBV) Reports Third-Quarter 2025 Financial Results; ABBV reported third-quarter non-GAAP EPS of $1.86, a 38% year-over-year decline but $0.08 above analyst expectations. The results included an unfavorable impact of $1.50 per share related to acquired IPR&D and milestone expenses. Revenue rose 9.1% to $15.78 billion, exceeding estimates by $200 million. Management raised its full-year 2025 adjusted diluted EPS guidance to a range of $10.61–$10.65, up from the prior range of $10.38–$10.58. This updated outlook includes an unfavorable impact of $2.05 per share from acquired IPR&D and milestone expenses incurred year-to-date through the third quarter of 2025.


  • AbbVie Inc. (ABBV) Announces Quarterly Dividend Increase; ABBV announced that its Board of Directors has approved a quarterly cash dividend increase from $1.64 to $1.73 per share, representing a 5.5% increase. The dividend will be payable on February 17, 2026, to shareholders of record as of January 16, 2026.


  • T. Rowe Price Group, Inc. (TROW) Reports Third Quarter 2025 Results; TROW reported third-quarter non-GAAP earnings per share of $2.81, beating analyst estimates by $0.27 and representing a 9.3% year-over-year increase. Revenue grew 5.6% to $1.89 billion, slightly below expectations by $10 million. Assets under management (AUM) climbed by $90.4 billion during the quarter to reach $1.77 trillion as of September 30, 2025.


  • Magna International Inc. (MGA) Announces Third Quarter 2025 Results; MGA reported third-quarter Non-GAAP EPS of $1.33, representing 3.9% year-over-year growth and beating analyst expectations by $0.08. Revenue totaled $10.46 billion, an increase of 1.8% from the same period last year and $200 million above estimates. Management revised its full-year 2025 sales outlook upward to a range of $41.1 billion to $42.1 billion, compared to the previous range of $40.4 billion to $42.0 billion.


  • LyondellBasell Industries N.V. (LYB) Reports Third Quarter 2025 Earnings; LYB reported third-quarter 2025 non-GAAP earnings per share of $1.01, marking a 47% year-over-year decline but beating analyst expectations by $0.21. Revenue came in at $7.72 billion, down 10.2% from the prior year, yet still surpassing estimates by $330 million. Looking ahead, management reiterated its goal to deliver $600 million in incremental cash flow in 2025 and at least $1.1 billion in total improvements by the end of next year, underscoring continued focus on operational efficiency and cost optimization.


  • Canadian National Railway Company (TSE:CNR) Reports Third Quarter Financial and Operating Results; CNR reported adjusted earnings of C$1.83 per share for the quarter ended September 30, up from C$1.72 in the same period last year and beating analyst expectations by C$0.06. Revenue rose 1.5% year over year to C$4.17 billion, coming in C$20 million above analyst forecasts. Management maintained its 2025 guidance for mid-to-high single-digit adjusted diluted EPS growth, reflecting confidence in the company’s long-term operational and financial performance.



Articles that caught my attention:






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