Showing posts with label PEP. Show all posts
Showing posts with label PEP. Show all posts

May 7, 2022

Dividend Increases Week 18



 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list) 

 

Recently, 20 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.

February 18, 2022

Notable Analyst Upgrades and Downgrades for Week of February 14 2022



 

Upgrades:

 


Allstate (NYSE:ALL) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a report issued on Monday, The Fly reports.

A number of other research analysts also recently commented on ALL. JPMorgan Chase & Co. dropped their price objective on shares of Allstate from $154.00 to $148.00 and set an "overweight" rating for the company in a research note on Thursday, November 4th. The Goldman Sachs Group started coverage on shares of Allstate in a research note on Monday, November 22nd. They set a "sell" rating and a $106.00 price objective for the company. Barclays dropped their price objective on shares of Allstate from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Thursday, January 6th. Zacks Investment Research raised shares of Allstate from a "sell" rating to a "hold" rating and set a $132.00 price objective for the company in a research note on Monday, January 10th. Finally, Raymond James dropped their price objective on shares of Allstate from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Monday, February 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $132.50. Read more …

 


Duke Energy (NYSE:DUK) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports. The firm presently has a $110.00 price target on the utilities provider’s stock, up from their prior price target of $108.00. Bank of America‘s price objective points to a potential upside of 9.57% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Morgan Stanley dropped their price target on Duke Energy from $113.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 21st. Barclays reiterated an “equal weight” rating and set a $110.00 price objective on shares of Duke Energy in a research report on Monday, December 6th. KeyCorp lifted their price objective on shares of Duke Energy from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, January 13th. Finally, BMO Capital Markets cut shares of Duke Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, January 7th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $107.45. Read more …

 


Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities research analysts at Scotiabank to a “buy” rating in a note issued to investors on Monday, TipRanks reports.

A number of other equities analysts also recently weighed in on the company. Tudor Pickering & Holt set a C$45.00 price target on Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, December 8th. Royal Bank of Canada set a C$48.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a research report on Thursday, December 9th. CIBC downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating and set a C$44.00 price target on the stock. in a research report on Tuesday, November 23rd. UBS Group restated a “buy” rating and set a C$44.00 price objective on shares of Pembina Pipeline in a report on Tuesday, November 23rd. Finally, Raymond James set a C$43.50 price objective on Pembina Pipeline and gave the stock a “market perform” rating in a report on Thursday, December 9th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of “Hold” and a consensus price target of C$43.92. Read more …

 

 


TELUS (TSE:T) (NYSE:TU) was upgraded by equities research analysts at JPMorgan Chase & Co. to a "buy" rating in a report released on Monday, TipRanks reports. The brokerage currently has a C$36.00 price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 13.67% from the company's previous close.

A number of other equities research analysts also recently issued reports on T. National Bankshares boosted their target price on shares of TELUS from C$35.00 to C$36.00 in a report on Friday. TD Securities boosted their price objective on shares of TELUS from C$32.00 to C$34.00 and gave the stock a "buy" rating in a research note on Friday. Scotiabank boosted their price objective on shares of TELUS from C$36.00 to C$38.00 in a research note on Friday. Canaccord Genuity Group boosted their price objective on shares of TELUS from C$33.00 to C$34.00 in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on shares of TELUS from C$32.00 to C$34.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$33.46. Read more …

 


DTE Energy (NYSE:DTE) was upgraded by Bank of America from an “underperform” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The firm presently has a $127.00 price objective on the utilities provider’s stock. Bank of America‘s price target indicates a potential upside of 9.44% from the company’s current price.

A number of other brokerages have also recently issued reports on DTE. JPMorgan Chase & Co. cut shares of DTE Energy from an “overweight” rating to a “neutral” rating and set a $126.00 price target for the company. in a research report on Friday, January 7th. Morgan Stanley dropped their price target on DTE Energy from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, January 21st. Wells Fargo & Company upgraded DTE Energy from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $124.00 to $123.00 in a research note on Wednesday, December 1st. Edward Jones raised DTE Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 13th. Finally, Mizuho decreased their target price on DTE Energy from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, November 22nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $127.67. Read more …

 


Home Depot (NYSE:HD) was upgraded by equities research analysts at OTR Global from a “mixed” rating to a “positive” rating in a research report issued on Tuesday, The Fly reports.

HD has been the subject of several other reports. Raymond James increased their price objective on Home Depot from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, November 12th. Oppenheimer raised Home Depot from a “market perform” rating to an “outperform” rating and set a $470.00 price objective for the company in a research note on Monday, December 6th. Credit Suisse Group raised their target price on Home Depot from $357.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. The Goldman Sachs Group raised their target price on Home Depot from $390.00 to $428.00 and gave the stock a “buy” rating in a research note on Wednesday, November 17th. Finally, Jefferies Financial Group raised their target price on Home Depot from $369.00 to $455.00 and gave the stock a “buy” rating in a research note on Wednesday, November 17th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $420.61. Read more …

 

 


Lowe's Companies (NYSE:LOW) was upgraded by equities researchers at OTR Global from a "mixed" rating to a "positive" rating in a research report issued on Tuesday, The Fly reports.

LOW has been the subject of a number of other reports. DA Davidson raised their target price on Lowe's Companies from $286.00 to $292.00 in a research note on Thursday, December 30th. Gordon Haskett upgraded Lowe's Companies from an "accumulate" rating to a "buy" rating and decreased their price target for the company from $284.00 to $275.00 in a report on Thursday, February 10th. Jefferies Financial Group raised their price target on Lowe's Companies from $290.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, December 16th. Loop Capital raised their price target on Lowe's Companies from $220.00 to $240.00 and gave the company a "hold" rating in a report on Thursday, November 18th. Finally, Piper Sandler raised their price target on Lowe's Companies from $231.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, November 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $263.74. Read more …

 


Unilever (NYSE:UL) was upgraded by stock analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Tuesday, The Fly reports.

Several other equities analysts have also weighed in on UL. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a report on Friday, January 14th. Sanford C. Bernstein lowered shares of Unilever from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 18th. Finally, Societe Generale upgraded shares of Unilever from a “sell” rating to a “buy” rating in a report on Wednesday, January 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.51. Read more …

 


Ecolab (NYSE:ECL) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Wednesday, Briefing.com reports. The brokerage presently has a $191.00 price objective on the basic materials company’s stock, down from their prior price objective of $230.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.23% from the company’s previous close.

Several other research analysts have also commented on the stock. Morgan Stanley lifted their price target on shares of Ecolab from $230.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, January 11th. Royal Bank of Canada downgraded shares of Ecolab from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $245.00 to $225.00 in a research report on Friday, January 21st. Boenning Scattergood downgraded shares of Ecolab from an “outperform” rating to a “neutral” rating in a report on Tuesday. Robert W. Baird dropped their target price on shares of Ecolab from $225.00 to $198.00 in a research report on Friday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ecolab from $260.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, January 24th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $222.00. Read more …

 

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Price Targets.com reports. The firm presently has a $145.00 target price on the transportation company’s stock. Argus’ price target indicates a potential upside of 14.02% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently issued reports on CNI. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Canadian National Railway from $137.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, January 27th. Stephens upped their price objective on shares of Canadian National Railway from $126.00 to $132.00 in a research note on Tuesday, January 4th. CIBC cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 27th. They noted that the move was a valuation call. TD Securities began coverage on shares of Canadian National Railway in a research note on Wednesday, October 20th. They issued a “buy” rating and a $176.00 price objective for the company. Finally, National Bank Financial upped their price objective on shares of Canadian National Railway from C$170.00 to C$172.00 in a research note on Wednesday, January 26th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average price target of $147.35. Read more …

 


Consolidated Edison (NYSE:ED) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a research report issued on Thursday, The Fly reports. The brokerage currently has a $82.00 price objective on the utilities provider’s stock. Wolfe Research’s price objective would suggest a potential upside of 1.13% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada lifted their price target on Consolidated Edison from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 22nd. Morgan Stanley increased their price target on shares of Consolidated Edison from $72.00 to $76.00 and gave the company an “underweight” rating in a research report on Tuesday, December 21st. Mizuho upgraded shares of Consolidated Edison from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $87.00 to $90.00 in a research report on Monday, January 31st. KeyCorp increased their target price on shares of Consolidated Edison from $65.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, January 13th. Finally, TheStreet raised Consolidated Edison from a “c+” rating to a “b-” rating in a research note on Wednesday, October 20th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $78.45. Read more …

 


McCormick & Company, Incorporated (NYSE:MKC) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Thursday, Price Targets.com reports. The brokerage currently has a $112.00 price objective on the stock. Argus’ price objective indicates a potential upside of 13.77% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other research firms have also recently issued reports on MKC. TheStreet upgraded shares of McCormick & Company, Incorporated from a “c+” rating to a “b” rating in a research note on Tuesday, November 23rd. Zacks Investment Research raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating and set a $99.00 target price on the stock in a report on Tuesday, December 14th. Finally, Credit Suisse Group cut shares of McCormick & Company, Incorporated from an “outperform” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Wednesday, January 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $97.80. Read more …

 

 


Yum! Brands (NYSE:YUM) was upgraded by equities research analysts at Cowen to an "outperform" rating in a report released on Thursday, Stock Target Advisor reports. The brokerage presently has a $143.00 price target on the restaurant operator's stock, up from their prior price target of $134.00. Cowen's price target would indicate a potential upside of 15.93% from the company's previous close.

A number of other brokerages have also issued reports on YUM. Atlantic Securities raised Yum! Brands from a "neutral" rating to an "overweight" rating and set a $151.00 target price on the stock in a research report on Thursday, December 9th. Bank of America started coverage on Yum! Brands in a research report on Tuesday, January 11th. They issued a "neutral" rating on the stock. MKM Partners raised Yum! Brands from a "neutral" rating to a "buy" rating and boosted their target price for the company from $142.00 to $145.00 in a research report on Thursday, October 28th. StockNews.com lowered Yum! Brands from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Barclays boosted their target price on Yum! Brands from $133.00 to $140.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 15th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $136.41. Read more …

 


J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a research note issued to investors on Friday, The Fly reports.

Other research analysts have also issued research reports about the company. Citigroup boosted their price target on J.B. Hunt Transport Services from $205.00 to $230.00 in a research report on Wednesday, January 12th. KeyCorp boosted their price target on J.B. Hunt Transport Services from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Tuesday, January 18th. Stephens lifted their price objective on J.B. Hunt Transport Services from $225.00 to $232.00 and gave the company an "overweight" rating in a report on Wednesday, January 19th. Barclays raised J.B. Hunt Transport Services from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $220.00 to $235.00 in a report on Wednesday, January 26th. Finally, Cowen boosted their price target on J.B. Hunt Transport Services from $192.00 to $213.00 in a report on Wednesday, January 19th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $200.50. Read more …

 

 

Downgrades:

 


Enbridge (NYSE:ENB) (TSE:ENB) was downgraded by Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued to investors on Monday, The Fly reports.

A number of other analysts also recently commented on ENB. Raymond James assumed coverage on Enbridge in a research report on Wednesday, December 22nd. They set a “market perform” rating for the company. Tudor Pickering reiterated a “buy” rating and set a C$54.00 target price on shares of Enbridge in a research note on Friday, November 5th. Morgan Stanley lowered shares of Enbridge from an “overweight” rating to an “equal weight” rating and set a $60.00 price target for the company. in a research report on Friday, January 7th. Credit Suisse Group cut shares of Enbridge from an “outperform” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research note on Monday, October 25th. Finally, Royal Bank of Canada decreased their price target on shares of Enbridge from C$61.00 to C$60.00 and set an “outperform” rating for the company in a research note on Monday, November 29th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Enbridge has a consensus rating of “Buy” and a consensus target price of $53.53. Read more …

 

 


Fortis (TSE:FTS) was downgraded by equities research analysts at Veritas Investment Research to a “sell” rating in a research note issued to investors on Monday, TipRanks reports. They presently have a C$57.50 price objective on the stock. Veritas Investment Research’s price objective would indicate a potential upside of 0.16% from the stock’s previous close.

A number of other analysts have also recently weighed in on FTS. CIBC decreased their price objective on shares of Fortis from C$61.00 to C$60.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Fortis from C$59.00 to C$58.00 in a research note on Friday, December 3rd. UBS Group decreased their price target on shares of Fortis from C$61.00 to C$58.00 and set a “neutral” rating on the stock in a research note on Monday, January 31st. TD Securities cut shares of Fortis from an “action list buy” rating to a “buy” rating and increased their price target for the company from C$64.00 to C$65.00 in a research note on Thursday, January 6th. Finally, Wolfe Research cut shares of Fortis to a “sell” rating in a research note on Tuesday, October 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$59.96. Read more …

 


JPMorgan Chase & Co. (NYSE:JPM) was downgraded by research analysts at Jefferies Financial Group to a "hold" rating in a research note issued to investors on Monday, Stock Target Advisor reports. They currently have a $155.00 target price on the financial services provider's stock, down from their prior target price of $180.00. Jefferies Financial Group's price objective suggests a potential upside of 0.70% from the company's current price.

JPM has been the subject of several other reports. UBS Group set a $197.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, February 8th. Wolfe Research cut JPMorgan Chase & Co. from an "outperform" rating to a "peer perform" rating and set a $185.00 price objective on the stock. in a research note on Tuesday, January 4th. Royal Bank of Canada set a $175.00 price objective on JPMorgan Chase & Co. in a research note on Friday, January 14th. Robert W. Baird reiterated a "hold" rating and issued a $165.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, December 6th. Finally, Berenberg Bank set a $125.00 price objective on JPMorgan Chase & Co. in a research note on Monday, October 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $173.47. Read more …

 


Tyson Foods (NYSE:TSN) was downgraded by investment analysts at Barclays to an "equal weight" rating in a research report issued on Monday, Stock Target Advisor reports. They currently have a $100.00 price target on the stock. Barclays's price target suggests a potential upside of 2.05% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Bank of America boosted their price objective on shares of Tyson Foods from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 8th. Piper Sandler boosted their price objective on shares of Tyson Foods from $83.00 to $86.00 and gave the company a "neutral" rating in a report on Tuesday, November 16th. Stephens boosted their price objective on shares of Tyson Foods from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $88.00 to $91.00 and gave the company a "neutral" rating in a report on Tuesday, February 8th. Finally, Zacks Investment Research raised shares of Tyson Foods from a "hold" rating to a "strong-buy" rating and set a $119.00 price objective on the stock in a report on Thursday. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $102.00. Read more …

 

 


Texas Instruments (NASDAQ:TXN) was downgraded by Raymond James from an "outperform" rating to a "market perform" rating in a research note issued to investors on Monday, The Fly reports.

A number of other brokerages also recently commented on TXN. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 26th. Barclays reduced their price objective on shares of Texas Instruments from $180.00 to $170.00 and set an "underweight" rating for the company in a research note on Friday, February 4th. UBS Group reduced their price objective on shares of Texas Instruments from $195.00 to $180.00 and set a "neutral" rating for the company in a research note on Wednesday, January 26th. Susquehanna reissued a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $208.68. Read more …

 


U.S. Bancorp (NYSE:USB) was downgraded by equities researchers at Jefferies Financial Group to a "hold" rating in a note issued to investors on Monday, Stock Target Advisor reports. They presently have a $64.00 price target on the financial services provider's stock, down from their previous price target of $66.00. Jefferies Financial Group's target price indicates a potential upside of 9.31% from the stock's current price.

A number of other research firms have also commented on USB. Citigroup reduced their price objective on shares of U.S. Bancorp from $70.00 to $65.00 in a research note on Friday, January 21st. Barclays cut their target price on shares of U.S. Bancorp from $68.00 to $66.00 in a research note on Thursday, January 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of U.S. Bancorp in a research note on Friday, December 17th. Odeon Capital Group raised shares of U.S. Bancorp from a "hold" rating to a "buy" rating in a research note on Tuesday, January 25th. Finally, Oppenheimer cut their target price on shares of U.S. Bancorp from $74.00 to $69.00 in a research note on Friday, January 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $64.19. Read more …

 


PepsiCo (NASDAQ:PEP) was downgraded by equities research analysts at DZ Bank to a "hold" rating in a report released on Tuesday, Stock Target Advisor reports. They presently have a $180.00 target price on the stock. DZ Bank's target price would suggest a potential upside of 7.98% from the company's previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $171.00 to $185.00 in a research note on Friday, February 4th. Credit Suisse Group cut their target price on shares of PepsiCo from $166.00 to $164.00 and set a "neutral" rating for the company in a research note on Friday. Morgan Stanley upped their target price on shares of PepsiCo from $172.00 to $188.00 and gave the company an "overweight" rating in a research note on Tuesday, February 8th. Barclays cut their target price on shares of PepsiCo from $186.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Argus upped their target price on shares of PepsiCo from $180.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, January 4th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $171.19. Read more …

 

 


TC Energy (NYSE:TRP) (TSE:TRP) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a note issued to investors on Wednesday, The Fly reports.

Other research analysts have also issued research reports about the company. National Bank Financial lowered TC Energy from an “outperform” rating to a “sector perform” rating in a report on Monday, November 8th. Scotiabank raised their price target on TC Energy from C$69.00 to C$72.00 in a report on Monday. TD Securities dropped their price objective on TC Energy from C$73.00 to C$72.00 and set a “buy” rating for the company in a research note on Monday, November 8th. TheStreet raised TC Energy from a “c+” rating to a “b” rating in a research note on Wednesday, January 19th. Finally, The Goldman Sachs Group downgraded TC Energy from a “neutral” rating to a “sell” rating and set a $45.00 price objective on the stock. in a report on Thursday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $67.56. Read more …

 


3M (NYSE:MMM) was downgraded by stock analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They presently have a $150.00 price target on the conglomerate's stock. Morgan Stanley's price objective suggests a potential downside of 3.62% from the stock's current price.

Several other equities research analysts have also recently weighed in on MMM. Credit Suisse Group decreased their target price on 3M from $195.00 to $182.00 and set a "neutral" rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their target price on 3M from $184.00 to $173.00 and set an "equal weight" rating for the company in a research note on Tuesday. Citigroup decreased their target price on 3M from $190.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday. Barclays reduced their price objective on 3M from $178.00 to $170.00 and set an "underweight" rating for the company in a research note on Tuesday. Finally, Argus reduced their price objective on 3M from $225.00 to $190.00 in a research note on Wednesday, January 26th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $179.57. Read more …

 


NVIDIA (NASDAQ:NVDA) was downgraded by investment analysts at Summit Insights from a “buy” rating to a “hold” rating in a research report issued on Thursday, Briefing.com reports.

NVDA has been the topic of several other reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of NVIDIA from $185.00 to $285.00 and gave the company a “hold” rating in a research report on Thursday, November 18th. BMO Capital Markets increased their price target on shares of NVIDIA from $250.00 to $375.00 in a research report on Monday, November 22nd. Tigress Financial reiterated a “buy” rating and issued a $400.00 price target (up from $230.00) on shares of NVIDIA in a research report on Thursday, December 2nd. Sanford C. Bernstein set a $360.00 price target on shares of NVIDIA in a research report on Thursday, November 18th. Finally, Citigroup upped their price objective on shares of NVIDIA from $223.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $325.88. Read more …

 

February 12, 2022

Dividend Increases Week 6 (Part 1)



 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)

 

Recently, 21 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the first part of the week’s notifications.

 

The table below summarises the dividend change announcements.  The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.

 

 

 

 

 

CNA Financial Corporation (CNA)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company was founded in 1853 and is headquartered in Chicago, Illinois. CNA Financial Corporation is a subsidiary of Loews Corporation.

On February 7, CNA declared a quarterly dividend of $0.40 per share.

This is a 5.3% increase from prior dividend of $0.38. 

Payable March 10 for shareholders of record February 22, ex-div February 18.

 

Thomson Reuters Corporation (TRI)

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.

On February 8, TRI declared a quarterly dividend of $0.445 per share.

This is a 9.9% increase from prior dividend of $0.405. 

Payable March 15 for shareholders of record February 24, ex-div February 23.

 

Utah Medical Products, Inc. (UTMD)

Utah Medical Products, Inc. develops, manufactures, and distributes medical devices for the healthcare industry. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools. The company was incorporated in 1978 and is headquartered in Midvale, Utah.

On February 8, UTMD declared a quarterly dividend of $0.29 per share.

This is a 1.8% increase from prior dividend of $0.285. 

Payable April 5 for shareholders of record March 18, ex-div March 17.

 

T. Rowe Price Group, Inc. (TROW)

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland

On February 8, TROW declared a quarterly dividend of $1.20 per share.

This is an 11.1% increase from prior dividend of $1.08. 

Payable March 30 for shareholders of record March 15, ex-div March 14.

 

Auburn National Bancorporation, Inc. (AUBN)

Auburn National Bancorporation, Inc. operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama. The company’s deposit products include checking, savings, and transaction deposit accounts, as well as certificates of deposit. Auburn National Bancorporation, Inc. was founded in 1907 and is headquartered in Auburn, Alabama.

On February 8, AUBN declared a quarterly dividend of $0.265 per share.

This is a 1.9% increase from prior dividend of $0.26. 

Payable March 25 for shareholders of record March 10, ex-div March 9.

 

 

Primerica, Inc. (PRI)

Primerica, Inc., together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in three segments: Term Life Insurance; Investment and Savings Products; and Corporate and Other Distributed Products. It underwrites individual term life insurance products. Primerica, Inc. was founded in 1927 and is headquartered in Duluth, Georgia.

On February 8, PRI declared a quarterly dividend of $0.55 per share.

This is a 17.0% increase from prior dividend of $0.47. 

Payable March 14 for shareholders of record February 22, ex-div February 18.

 

3M Company (MMM)

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The company was founded in 1902 and is based in St. Paul, Minnesota.

On February 8, MMM declared a quarterly dividend of $1.49 per share.

This is a 0.7% increase from prior dividend of $1.48. 

Payable March 12 for shareholders of record February 18, ex-div February 17.

 

Healthcare Services Group, Inc. (HCSG)

Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

On February 9, HCSG declared a quarterly dividend of $0.21125 per share.

This is a 0.6% increase from prior dividend of $0.21. 

Payable March 25 for shareholders of record February 25, ex-div February 24.

 

First Industrial Realty Trust, Inc. (FR)

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.

On February 9, FR declared a quarterly dividend of $0.295 per share.

This is a 9.3% increase from prior dividend of $0.27. 

Payable April 18 for shareholders of record March 31, ex-div March 30.

 

Rexford Industrial Realty, Inc. (REXR)

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

On February 9, REXR declared a quarterly dividend of $0.315 per share.

This is a 31.3% increase from prior dividend of $0.24. 

Payable April 15 for shareholders of record March 31, ex-div March 30.

 

 

PepsiCo, Inc. (PEP)

PepsiCo, Inc. operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East, and South Asia; and Asia Pacific, Australia and New Zealand and China Region. The company was founded in 1898 and is headquartered in Purchase, New York.

On February 10, PEP declared a annual dividend of $4.60 per share.

This is a 7.0% increase from prior dividend of $4.30. 

Effective with the dividend expected to be paid in June 2022

 

July 17, 2021

Notable Analyst Upgrades and Downgrades for Week of July 12, 2021

 



Upgrades:

 


Invesco (NYSE:IVZ) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports. The firm presently has a $34.00 target price on the asset manager’s stock, up from their previous target price of $29.00. Citigroup’s price objective would indicate a potential upside of 26.63% from the company’s previous close.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, April 9th. Evercore ISI reiterated a “sell” rating and issued a $30.00 target price on shares of Invesco in a report on Friday, June 4th. Credit Suisse Group increased their target price on shares of Invesco from $30.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 28th. Morgan Stanley increased their target price on shares of Invesco from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, April 20th. Finally, Zacks Investment Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Tuesday, April 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.13. Read more …

 


The Travelers Companies (NYSE:TRV) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued on Monday, Price Targets.com reports. The brokerage currently has a $166.00 price target on the insurance provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 8.26% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TRV. Credit Suisse Group upped their price objective on shares of The Travelers Companies from $142.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, April 1st. Barclays upped their price objective on shares of The Travelers Companies from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 24th. Citigroup upped their price objective on shares of The Travelers Companies from $142.00 to $155.00 in a research report on Wednesday, March 31st. Royal Bank of Canada upped their price objective on shares of The Travelers Companies from $156.00 to $163.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 21st. Finally, upped their price objective on shares of The Travelers Companies from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, June 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.77. Read more …

 


Hanesbrands (NYSE:HBI) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, The Fly reports. The firm currently has a $23.00 price target on the textile maker's stock, up from their previous price target of $20.00. Wells Fargo & Company's price target suggests a potential upside of 26.93% from the stock's previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upgraded Hanesbrands from a "hold" rating to a "buy" rating and raised their target price for the company from $18.00 to $25.00 in a report on Wednesday, May 12th. TheStreet raised Hanesbrands from a "c" rating to a "b" rating in a research report on Tuesday, May 11th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of "Buy" and an average price target of $20.44.

Shares of NYSE:HBI opened at $18.12 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 7.53. Hanesbrands has a 1 year low of $11.05 and a 1 year high of $22.82. The stock's fifty day moving average price is $19.27. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. Read more …

 

 


DTE Energy (NYSE:DTE) was upgraded by The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a report issued on Tuesday, The Fly reports.

DTE has been the topic of a number of other reports. KeyCorp reaffirmed a “sector weight” rating on shares of DTE Energy in a research report on Tuesday, April 27th. Morgan Stanley lowered their target price on DTE Energy from $142.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 8th. Mizuho lowered their target price on DTE Energy from $146.00 to $123.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America reiterated an “underperform” rating and set a $131.00 price target on shares of DTE Energy in a report on Monday, May 10th. Finally, UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $144.00 to $127.00 in a report on Tuesday, July 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $131.50. Read more …

April 23, 2021

Notable Analyst Upgrades and Downgrades for Week of April 19, 2021

 


Upgrades:

 


Sempra Energy (NYSE:SRE) was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating in a report released on Monday, Briefing.com reports. The brokerage presently has a $148.00 target price on the utilities provider’s stock, up from their prior target price of $129.00. Mizuho’s price target would suggest a potential upside of 7.14% from the stock’s previous close.

SRE has been the subject of a number of other research reports. KeyCorp lowered their target price on Sempra Energy from $143.00 to $141.00 and set an “overweight” rating for the company in a report on Tuesday, January 12th. Morgan Stanley decreased their price target on Sempra Energy from $144.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 25th. Barclays cut their price objective on Sempra Energy from $159.00 to $149.00 and set an “overweight” rating on the stock in a report on Tuesday, January 5th. Seaport Global Securities restated a “neutral” rating on shares of Sempra Energy in a research report on Tuesday, April 13th. Finally, BMO Capital Markets lifted their price target on shares of Sempra Energy from $142.00 to $147.00 and gave the stock a “market perform” rating in a report on Tuesday, April 6th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $145.55. Read more …

 


Albemarle (NYSE:ALB) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Monday, Briefing.com reports. The brokerage currently has a $200.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $160.00. Evercore ISI’s target price would indicate a potential upside of 31.55% from the company’s current price.

Other analysts also recently issued reports about the company. Argus upped their price objective on Albemarle from $140.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Cowen initiated coverage on shares of Albemarle in a research report on Monday, March 15th. They issued an “outperform” rating and a $180.00 price target for the company. Zacks Investment Research downgraded shares of Albemarle from a “hold” rating to a “sell” rating and set a $169.00 price target for the company. in a research note on Friday, March 12th. Deutsche Bank Aktiengesellschaft raised shares of Albemarle from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $175.00 to $190.00 in a research note on Monday, February 15th. Finally, Vertical Research raised Albemarle from a “sell” rating to a “hold” rating in a research report on Monday, February 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $131.26. Read more …

 


Nucor (NYSE:NUE) was upgraded by investment analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report issued on Tuesday, The Fly reports.

A number of other brokerages also recently issued reports on NUE. Credit Suisse Group upgraded Nucor from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $48.00 to $63.00 in a research report on Wednesday, February 3rd. The Goldman Sachs Group began coverage on shares of Nucor in a research report on Thursday, April 15th. They set a "buy" rating and a $86.00 price objective for the company. Zacks Investment Research upgraded shares of Nucor from a "hold" rating to a "strong-buy" rating and set a $76.00 target price on the stock in a research report on Wednesday, March 10th. Argus raised shares of Nucor from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Thursday, March 25th. Finally, BMO Capital Markets raised their price target on shares of Nucor from $63.00 to $75.00 and gave the company a "market perform" rating in a research note on Wednesday, March 17th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of "Buy" and an average target price of $63.18. Read more …

 

 


PepsiCo (NASDAQ:PEP) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Price Targets.com reports. The firm currently has a $165.00 price objective on the stock, up from their prior price objective of $145.00. UBS Group’s target price would suggest a potential upside of 12.35% from the company’s previous close.

Several other equities analysts also recently commented on the company. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, April 1st. Credit Suisse Group increased their price target on PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, April 16th. Wolfe Research initiated coverage on PepsiCo in a research note on Monday. They issued a “peer perform” rating for the company. Sanford C. Bernstein initiated coverage on shares of PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. PepsiCo has a consensus rating of “Buy” and an average price target of $149.44. Read more …