Sunday, November 9, 2025

Week in Review 45/25

 



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:



November 3, 2025


  • €62.73 – AT&T Inc. (T)
  • €111.30 – Verizon Communications Inc. (VZ)
  • €27.54 – General Mills, Inc. (GIS)
  • €48.00 – Bristol-Myers Squibb Company (BMY)
  • €49.58 – CVS Health Corporation (CVS)
  • €32.45 – Power Corporation of Canada (TSE:POW)


November 4, 2025


  • €118.52 – Telia Company (TELIA)


November 7, 2025


  • €614.63 – UPM-Kymmene Corporation (UPM)



Week 45: Total net dividends €1,064.74



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



My Portfolio's Transactions:



November 5, 2025


  • I purchased 50 shares of JPM Nasdaq Equity Premium Income Active UCITS ETF (JEQP.DE) at €22.98 per share plus commission.


Based on the latest announcement, JEQP will pay a dividend of $0.2312 per share for November. Over the past 12th months, JEQP has declared a total dividend of $2.4518 per share.

At today’s exchange rate, my purchase of 50 shares of JEQP will increase my expected annual net dividend income by €74.47. Following this acquisition, my yield on cost stands at 11.02%, with JEQP now representing approximately 1.26% of my portfolio and accounting for about 2.99% of my future annual dividend income.

For the time being, my strategy is to continue building my JEQP position gradually through monthly purchases.


November 7, 2025


  • I purchased 50 shares of H2O America (HTO) at $47.50 per share plus commission.


At today's exchange rate, that purchase 50 shares of HTO will increase €54.09 of my expected annual net dividend income. Following this acquisition, the portfolio now contains a total of 100 H2O America (HTO) shares at an average purchase price of $47.59 and yield on cost is 3.53%. After this acquisition, HTO ’s weight of my portfolio is about 0.55% and its share of future annual dividend income is approximately 0.46%.



Portfolio Holdings News:



November 3, 2025


  • Pinnacle West Capital Corporation (PNW) Reports 2025 Third-Quarter Financial Results; PNW reported third-quarter GAAP EPS of $3.39, a 0.6% year-over-year increase and $0.30 above analyst expectations. Revenue came in at $1.82 billion, rising 2.8% from the same period last year and beating estimates by $30 million. Looking ahead, management expects 2026 consolidated earnings to be in the range of $4.55 to $4.75 per diluted share on a weather-normalized basis.


  • Kimberly-Clark Corporation (KMB) to Acquire Kenvue; KMB announced an agreement under which Kimberly-Clark will acquire all of the outstanding shares of Kenvue (KVUE) common stock in a cash and stock transaction that values Kenvue at an enterprise value of approximately $48.7 billion, based on the closing price of Kimberly-Clark common stock on October 31, 2025. The transaction is expected to close in the second half of 2026, subject to the receipt of shareholder approvals and regulatory approvals.


  • Kontoor Brands, Inc. (KTB) Reports 2025 Third Quarter Results; KTB reported third-quarter non-GAAP earnings per share of $1.41, a 5% year-over-year increase and $0.01 above analyst expectations. Revenue totaled $853.2 million, missing estimates by $18.63 million but rising 27.3% compared to the same period last year. Management updated its full-year 2025 outlook, now expecting results to be at the high end of the prior guidance range of $3.09 to $3.12 billion, representing growth of approximately 19–20%. Adjusted EPS is now expected to be around $5.50, reflecting a 12% increase from the prior year.



  • Unum Group (UNM) Reports Third Quarter 2025 Results; UNM reported third-quarter non-GAAP EPS of $2.09, a 1.9% decline year-over-year and $0.06 below analyst expectations. Revenue totaled $3.38 billion, which beat estimates by $70 million and marked a 5.0% increase compared to the same period last year. Book value per common share rose to $64.56, representing an 8.8% increase from the year-ago quarter.



November 4, 2025


  • Essential Utilities, Inc. (WTRG) Reports Third Quarter 2025 Results; WTRG reported third-quarter GAAP EPS of $0.33, a 32% increase year-over-year and $0.05 above analyst expectations. Revenue rose 9.6% to $476.97 million, beating estimates by $4.57 million. Management reaffirmed expectations to achieve full-year GAAP EPS above the $2.07 to $2.11 guidance range due to nonrecurring benefits, and advised using the $2.07 to $2.11 range as the basis for projecting 5% to 7% earnings per share growth through 2027.


  • Eversource Energy (ES) Reports Third Quarter 2025 Results; ES reported third-quarter GAAP EPS of $0.99, compared with a loss of $0.33 in the same period last year, though missing analyst expectations by $0.13. Revenue rose 5.2% year-over-year to $3.22 billion, exceeding estimates by $20 million. Additionally, on October 14, management narrowed its full-year 2025 non-GAAP recurring EPS guidance to a range of $4.72–$4.80 per share, versus the previous range of $4.67–$4.82 per share. The company also reaffirmed its long-term compound annual EPS growth target of 5–7%, based on the 2024 EPS base of $4.57 per share.


  • Pfizer Inc. (PFE) Reports Third-Quarter 2025 Results; PFE reported third-quarter Non-GAAP EPS of $0.87, down 18% year-over-year but beating analyst expectations by $0.23. Revenue totaled $16.65 billion, a 5.9% decline compared to the same quarter last year, yet $150 million above estimates. Management reaffirmed its full-year 2025 revenue guidance of $61.0–$64.0 billion and raised and narrowed its adjusted diluted EPS outlook to a range of $3.00–$3.15.


  • Amgen Inc. (AMGN) Reports Third Quarter 2025 Financial Results; AMGN reported third-quarter results, with non-GAAP earnings per share of $5.64—up 1% year over year and $0.63 ahead of analyst expectations. Revenue rose 12% to $9.6 billion, exceeding estimates by $630 million. Looking ahead, management now expect 2025 total revenues in the range of $35.8 billion to $36.6 billion and non-GAAP earnings per share between $20.60 and $21.40.


  • Eaton Corporation plc (ETN) Reports Third Quarter 2025 Results; ETN reported adjusted earnings of $3.07 per share for the quarter ended September 30, up from $2.84 per share in the same period last year and $0.02 above analyst expectations. Revenue increased 10.1% year-over-year to $6.99 billion, slightly below the consensus estimate of $7.08 billion. For the full year 2025, management projects organic growth of 8.5% to 9.5% and expects adjusted earnings per share in the range of $11.97 to $12.17.


  • Aflac Incorporated (AFL) Announces Third Quarter Results; AFL reported third-quarter non-GAAP earnings per share of $2.49, up 15.3% year-over-year and $0.71 above analyst expectations. Revenue came in at $4.74 billion, beating estimates by $260 million and grew 60.7% from the same quarter last year. Adjusted book value excluding foreign currency remeasurement was $24.4 billion, or $46.35 per share at September 30, 2025, compared with $24.3 billion, or $43.61 per share, at September 30, 2024.


  • Archer-Daniels-Midland Company (ADM) Reports Third Quarter 2025 Results; ADM reported non-GAAP EPS of $0.92 for the quarter, beating analyst expectations by $0.07, though it marked a 15.6% decline year-over-year. Revenue rose 2.2% from the prior year to $20.37 billion, but fell short of estimates by $400 million. Management revised its full-year 2025 adjusted EPS guidance to a range of $3.25–$3.50 per share, down from the previously expected approximately $4.00 per share.


  • Main Street Capital Corporation (MAIN) Announces First Quarter 2026 Monthly Dividends; MAIN announced that its Board of Directors declared regular monthly cash dividends of $0.26 per share for each of January, February, and March 2026. These dividends represent a 2.0% increase from the regular monthly dividends declared for the fourth quarter of 2025 and a 4.0% increase compared to those paid in the first quarter of 2025. In addition to the regular monthly dividends, the Board also declared a supplemental cash dividend of $0.30 per share, payable in December 2025.


  • LTC Properties, Inc. (LTC) Reports 2025 Third Quarter Results; LTC reported Q3 FFO of $0.69, up 1.5% year-over-year and beating analyst expectations by $0.02. Revenue rose 24.2% to $69.29 million, surpassing estimates by $2.47 million. Management raised 2025 core FFO guidance to a range of $2.69 to $2.71 per share, up from the prior range of $2.67 to $2.71.


  • NNN REIT, Inc. (NNN) Announces Third Quarter 2025 Results; NNN reported third-quarter funds from operations (FFO) of $0.85 per share, beating analyst expectations by $0.01 and representing a 1.2% year-over-year increase. Revenue rose 5.3% to $230.16 million, beating estimates by $1.29 million. Sold 23 properties for $41.3 million, including $22.3 million of income producing properties at a weighted average cap rate of 5.9%. Management updated its full-year 2025 guidance, projecting core FFO per share between $3.36 and $3.40 and adjusted FFO (AFFO) per share between $3.41 and $3.45.


  • Fortis Inc. (FTS) Releases Third Quarter 2025 Results; FTS reported third-quarter Non-GAAP EPS of C$0.87, a 2.4% increase year-over-year and C$0.02 above analyst expectations. Revenue rose 6% to C$2.94 billion, exceeding the consensus estimate of C$2.86 billion. The company announced a C$28.8 billion capital investment plan for 2026–2030, representing an increase of C$2.8 billion from its previous plan. Fortis also maintained its 4–6% annual dividend growth guidance through 2030.


  • Fortis Inc. (FTS) Increases Quarterly Dividend; FTS announced that its Board of Directors has approved a quarterly cash dividend increase from C$0.165 to C$0.64 per share, representing a 4.1% increase. The dividend will be payable on December 1, 2025, to shareholders of record as of November 17, 2025.


November 5, 2025


  • Sampo plc Group’s (SAMPO) Results for January–September 2025; SAMPO reported quarterly earnings per share of €0.28, beating analyst expectations by €0.05 and marking a 122% year-over-year increase. Profit before taxes rose 101% to €866 million, exceeding estimates by €82 million. The underwriting result improved to €392 million, up from €374 million a year ago. Management raised its target for average annual earnings per share growth to over 9% for the period 2024–2026, up from the previous goal of over 7%.


  • Koninklijke Ahold Delhaize N.V. (AMS:AD) Q3 2025 Interim Report; AD reported third-quarter diluted underlying EPS of €0.67, up 8.7% year-over-year. Revenue reached €22.49 billion, up 6.1% at constant exchange rates and up 2.2% 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.


  • QUALCOMM Incorporated (QCOM) Announces Fourth Quarter and Fiscal 2025 Results; QCOM reported fourt-quarter non-GAAP EPS of $3.00, beating expectations by $0.13 and marking a 12% year-over-year increase. Revenue rose 10.1% to $11.27 billion, beating estimates by $510 million. Looking ahead, management expects Q1 revenue in the range of $11.8 billion to $12.6 billion and non-GAAP EPS between $3.30 and $3.50.


  • Avista Corporation (AVA) Reports Q3 2025 Financial Results; AVA reported GAAP EPS of $0.36 for the quarter, up 56.5% year-over-year and beating analyst expectations by $0.08. Revenue grew 2.7% to $394 million, though it fell short of estimates by $23.7 million. Management reaffirmed its 2025 consolidated earnings guidance in the range of $2.52 to $2.72 per diluted share. However, due to $0.16 per diluted share of losses at other businesses recorded during the first three quarters, the company expects results to be at the low end of the guidance range.


  • Brookfield Renewable Corporation (BEP, BEPC) Reports Third Quarter Results; BEP reported second-quarter funds from operations (FFO) of $0.46 per unit, representing a 9.5% increase compared to the same period last year and in line with analyst estimates. Revenue for the quarter ended totaled $1.6 billion, up 8.8% from the prior year but missing estimates by $20 million.



  • Emerson Electric Co. (EMR) Reports Fourth Quarter and Full Year 2025 Results; EMR reported fourth-quarter non-GAAP EPS of $1.62, up 9% year-over-year and in line with analyst expectations. Revenue grew 5.2% to $4.86 billion, coming in $40 million below estimates. For fiscal 2026, management expects net sales growth of approximately 5.5%, adjusted EPS in the range of $6.35–$6.55, and free cash flow between $3.5 billion and $3.6 billion.


  • Emerson Electric Co. (EMR) Increases Quarterly Dividend; EMR announced that its Board of Directors has approved a quarterly cash dividend increase from $0.5275 to $0.555 per share, representing a 5.2% increase. The dividend will be payable on December 10, 2025, to shareholders of record as of November 14, 2025.


  • Nutrien Ltd. (NTR) Reports Third Quarter 2025 Results; NTR reported third-quarter non-GAAP EPS of $0.97, up 149% year-over-year and in line with analyst expectations. Revenue rose 12.1% to $6.0 billion, exceeding estimates by $400 million. Management now targets adjusted EBITDA of $1.68 billion to $1.82 billion for the full year, narrowing the previous range of $1.65 billion to $1.85 billion. This outlook assumes strong crop nutrient and crop protection sales in the second half of the year and a continued recovery in Brazil.



November 6, 2025


  • Aktia Bank Plc's (AKTIA) Interim report January-September 2025; AKTIA reported third-quarter EPS of €0.27, missing analyst expectations by €0.02 and marking a 19% year-over-year decline. Total operating income fell 3% to €73.5 million, slightly above estimates by €0.7 million. Operating profit declined 19% to €25.3 million, falling short of expectations by €0.9 million. The CET1 ratio improved to 13.0%, up from 12.8% in the previous quarter.


  • ConocoPhillips (COP) Announces Third-Quarter 2025 Results; COP reported third-quarter non-GAAP EPS of $1.61, beating analyst expectations by $0.20 but reflecting a 9.6% year-over-year decline. Revenue rose 14.1% to $15.52 billion, exceeding estimates of $14.72 billion. Management expects fourth-quarter 2025 production to range between 2.30 and 2.34 million barrels of oil equivalent per day (MMBOED). Full-year production guidance has been raised to 2.375 MMBOED, compared to the previous outlook of 2.35 to 2.37 MMBOED.



  • Viatris Inc. (VTRS) Reports Third Quarter 2025 Results; VTRS reported third-quarter non-GAAP EPS of $0.67, down 11% year-over-year but $0.05 above analyst expectations. Revenue declined 1.1% to $3.76 billion, surpassing estimates by $160 million. For full-year 2025, management raised its guidance, now expecting revenue between $13.9 billion and $14.3 billion and adjusted EPS of $2.25 to $2.35, compared to the prior outlook of $13.5 billion to $14.0 billion and $2.16 to $2.30 issued in August.


  • Flowers Foods, Inc. (FLO) Reports Third Quarter 2025 Results; FLO reported Q3 non-GAAP EPS of $0.23, down 30.3% year-over-year but in line with analyst expectations. Revenue grew 3.4% to $1.23 billion, also matching estimates. For fiscal year 2025, management projects net sales of $5.254 billion to $5.306 billion, representing 2.9% to 4.0% growth over the prior year, and expects adjusted diluted EPS of $1.02 to $1.08, compared to prior guidance of $1.00 to $1.10.


  • Main Street Capital Corporation (MAIN) Announces Third Quarter 2025 Results; MAIN reported Q3 2025 net investment income (NII) of $1.03 per share, unchanged from the same period last year and $0.05 above analyst expectations. Total investment income increased 2.2% year-over-year to $139.83 million, in line with estimates. Net asset value (NAV) stood at $32.78 per share as of September 30, 2025, up $0.48 per share, or 1.5%, from $32.30 at the end of the previous quarter.



  • Pembina Pipeline Corporation (TSE:PPL) Reports Results for the Third Quarter of 2025; PPL reported second-quarter GAAP EPS of C$0.43, down from C$0.60 a year earlier and C$0.21 below analyst expectations. Revenue declined 2.1% year-over-year to C$1.79 billion, missing estimates of C$1.95 billion. Management narrowed its 2025 EBITDA guidance to a range of C$4.25 billion to C$4.35 billion, compared with the previous range of C$4.225 billion to C$4.425 billion.


  • TC Energy Corporation (TRP) Reports Third Quarter 2025 Operating and Financial Results; TRP reported third-quarter non-GAAP EPS of C$0.77, a 10.5% decline year-over-year and C$0.01 below analyst expectations. Revenue decreased 9.3% to C$3.70 billion, roughly in line with estimates of C$3.69 billion. Management maintained its 2025 guidance for comparable EBITDA in the range of C$10.8 to C$11.0 billion and reiterated that comparable earnings per common share are expected to be lower than in 2024, consistent with prior outlook.



November 7, 2025


  • Duke Energy Corporation (DUK) Reports Third-Quarter 2025 Financial Results; DUK reported Q3 non-GAAP EPS of $1.81, representing a 11% year-over-year increase and beating analyst expectations by $0.06. Revenue for the quarter came in at $8.54 billion, missing estimates by $10 million but rising 4.8% compared to the same period last year. Management narrows 2025 adjusted EPS guidance range to $6.25 to $6.35 and reaffirms long-term adjusted EPS growth rate of 5% to 7% through 2029.



  • Enbridge Inc. (ENB) Reports Third Quarter Results; ENB reported third-quarter Non-GAAP EPS of C$0.46, a 16.4% decrease year-over-year and C$0.05 below analyst expectations. Revenue declined 1.6% to C$14.64 billion, falling short of the C$16.09 billion consensus estimate. Distributable cash flow (DCF) came in at C$2.6 billion, unchanged from the prior year. Management reaffirmed its 2025 financial guidance, maintaining expectations for adjusted EBITDA between C$19.4 billion and C$20.0 billion and DCF per share between C$5.50 and C$5.90.


  • TELUS Corporation (TSE:T) Reports Financial Results for Third Quarter 2025; T reported adjusted earnings of C$0.24 per share for the quarter ended September 30, down from C$0.28 in the same period last year and slightly below analyst expectations of C$0.27. Revenue increased 0.2% year-over-year to C$5.11 billion, missing estimates by C$90 million. Management reaffirmed its 2025 financial guidance, which includes revenue growth of 2%–4%, adjusted EBITDA growth of 3%–5%, capital expenditures of approximately C$2.5 billion, and free cash flow of around C$2.15 billion.


  • TELUS Corporation (TSE:T) Increases Quarterly Dividend; The Board of Directors of T declared a quarterly dividend of C$0.4184 per share, payable on January 2, 2026, to shareholders of record at the close of business on December 11, 2025. This represents a 4% increase from the C$0.4023 per share dividend declared one year earlier and a 0.53% increase from the prior quarterly dividend of C$0.4162.


  • Emera Incorporated (EMA) Reports 2025 Third Quarter Financial Results; EMA reported third-quarter adjusted net income of C$0.88 per share, an 8.6% year-over-year increase and C$0.03 above analyst expectations. Revenue rose 16.9% to C$2.11 billion, exceeding estimates of C$1.88 billion. Looking ahead, management announced plans to invest C$20 billion over the next five years, primarily in Florida, to upgrade and strengthen its energy systems against natural events such as storms and hurricanes.






Articles that caught my attention:





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