Month: May 2022

Although the statistics consistently show that exchange-traded funds (ETFs) covering Australian ASX shares are the most commonly held amongst ASX investors, the Vanguard MSCI International Share Index ETF (ASX: VGS) is still a popular choice. In fact, VGS is the second-most popular ASX ETF that covers international shares on the market. This means that this ETF is a go-to choice for many investors who want to diversify an ASX share portfolio to include some exposure to countries and companies that lie outside Australia.

But how far does the Vanguard International Shares ETF go in this regard? Is this ETF really a good choice for ASX diversification? Let’s take a look under the hood of this ETF.

VGS ETF: Diversified or not diversified?

So VGS is an ETF that is extremely wide in its scope. It aims to track a basket of international shares listed across the advanced economies of the world. That means that VGS houses shares from countries ranging from the United States, Canada, and the United Kingdom to Singapore, Japan and most of Europe. At the latest count, this ETF houses close to 1,500 individual underlying shares within it.

In saying that, it is the United States that unambiguously dominates this ETF. On the latest data, 70.5% of VGS’s underlying portfolio consists of US shares. Indeed, so do its top ten investments. All ten of these are US companies, which in turn are dominated by tech giants like Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), Amazon.com Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA).

So we have something of a dualling narrative here. Yes, VGS has exposure to more than 20 different countries’ markets. Yet more than 70% of its portfolio weighting is to the US. Yes, VGS has almost 1,500 underlying shares in its portfolio. But its top ten positions make up just over 20% of its entire portfolio.

So the Vanguard International Shares Index ETF can arguably be thought of as both diversified and concentrated. VGS charges a management fee of 0.18% per annum.

The post How diversified is the Vanguard International Shares ETF? appeared first on The Motley Fool Australia.

More reading

• Here are 2 top ETFs for ASX investors to buy next week
• What’s impacting the Vanguard MSCI Index International Shares ETF price in 2022?
• 3 high quality ETFs for ASX investors to buy today
• Is the Vanguard International Shares ETF just a big bet on the FANG stocks?
• How did the Vanguard MSCI Index International Shares ETF fare in March?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet (A shares), Amazon, Apple, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Tesla, and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/12CwjS7

The S&P/ASX 200 Index (ASX: XJO) is on form on Thursday and charging higher. At the time of writing, the benchmark index is up 0.8% to 7,366.1 points.

However, as positive as this is, this gain pales in comparison to one area of the market – the lithium industry.

Lithium stocks race higher

In afternoon trade, a number of ASX lithium stocks are on course to record very strong gains. Here’s a summary of how they are performing:

• The Allkem Ltd (ASX: AKE) share price is up 5%.
• The Core Lithium Ltd (ASX: CXO) share price is up 7%.
• The Lake Resources N.L. (ASX: LKE) share price is up 6%.
• The LionTown Resources Limited (ASX: LTR) share price is up 7%.
• The Pilbara Minerals Ltd (ASX: PLS) share price is up 6.5%.
• The Sayona Mining Ltd (ASX: SYA) share price is up 11%.
• The Vulcan Energy Resources Ltd (ASX: VUL) share price is up 5%.

Why are they rising?

Today’s gain appears to have been driven by the release of an impressive result from lithium giant Livent overnight.

The NYSE-listed lithium miner saw its shares hurtle 30% higher after reporting a 17% increase in revenue to US$143.5 million and a 94% quarter on quarter jump in EBITDA to $53.2 million. This was well-ahead of the market’s expectations.

In addition, Livent’s CEO, Paul Graves, spoke very positively about current trading conditions, which seems to have given investor sentiment a big boost.

He commented:

Strong lithium demand growth has continued in 2022.  Published lithium prices in all forms have increased rapidly amid very tight market conditions and Livent continues to achieve higher realized prices across its entire product portfolio.

In light of this positive outlook, Livent has upgraded its full year revenue guidance by over US$200 million and its EBITDA guidance by over US$130 million.

It now expects revenue of US$755 million to US$835 million and EBITDA of US$290 million to US$350 million. The midpoint of this guidance implies year on year growth of 89% and 360%, respectively.

It certainly is a boom time for lithium stocks.

The post Here’s why ASX lithium stocks are rocketing higher today appeared first on The Motley Fool Australia.

More reading

• Core Lithium share price is surging 7% on Thursday. What’s going on?
• These 3 ASX 200 shares are topping the share market’s volume charts on Thursday
• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• Why is the Pilbara Minerals share price rocketing 7% today?
• What will the lithium price be in 2025?

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/EfnFgUH

The Core Lithium Ltd (ASX: CXO) share price is back on the horse on Thursday to recover some of its losses for the week so far.

And while there’s been no news from the company to explain its surge, it’s far from alone in its gains. Many of its fellow ASX lithium shares are also taking off today.

At the time of writing, the Core Lithium share price is $1.285, 7.08% higher than its previous close.

For context, the All Ordinaries Index (ASX: XAO) and the S&P/ASX 200 Index (ASX: XJO) are both in the green too. They’ve gained 1% and 0.82% respectively.

Let’s take a look at what’s been going on with the Core Lithium share price lately.

What’s boosting the Core Lithium share price today?

The Core Lithium share price has made its triumphant return to the green today. It’s currently 102% higher than it was at the start of 2022.

That’s despite the stock’s poor performance for the week so far. It tumbled 5% on Monday, before slipping another 4.5% and 5.1% on Tuesday and Wednesday.

As a result, the lithium developer’s stock is still 9% lower than it was at the end of last week.

Those falls came despite the company releasing two pieces of good news to the market.

First, it announced it had signed a crushing services contract for its Finniss Lithium Project. Then, an underground mine at the project was granted environmental approval.

It stands to reason that today’s gains could be the market’s way of correcting after the sell-off earlier this week.

It’s also worth noting that today is proving to be a good day for many ASX lithium shares.

The share prices of Liontown Resources Limited (ASX: LTR) and Pilbara Minerals Ltd (ASX: PLS) are both up around 7%. Meanwhile, that of Sayona Mining Ltd (ASX: SYA) is up 11%.

The post Core Lithium share price is surging 7% on Thursday. What’s going on? appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the share market’s volume charts on Thursday
• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• What will the lithium price be in 2025?
• Top brokers explain why not all ASX lithium shares are created equal
• Core Lithium share price gives up early gains to close 5% lower

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/eH1DkUn

The S&P/ASX 200 Index (ASX: XJO) is once again bouncing higher so far this Thursday. At the time of writing, the ASX 200 is up a healthy 0.83% at just over 7,360 points.

But let’s delve deeper into these market moves and check out the ASX 200 shares currently topping the market’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

Our first ASX 200 share to check out today is the lithium producer Pilbara Minerals. So far this Thursday, a sizeable 17.93 million Pilbara shares have changed owners. There has been no news or announcements out of Pilbara itself today. However, the company’s share price has certainly made a dramatic move. Right now, the Pilbara share price is up a pleasing 6.65% at $2.81 a share. Such a decisive move is the probable reason we see Pilbara on this list today.

Core Lithium Ltd (ASX: CXO)

Core Lithium is our next cab off the rank this Thursday. So far today, a hefty 19.46 million Core Lithium shares have been bought and sold. Again, we seem to have a dramatic share price movement to thank for this volume. Core Lithium has shot markedly higher today. It’s currently up by 7.08% at $1.28 a share, rising alongside other ASX 200 lithium stocks like Pilbara. It’s this move higher that is the likely reason why we have seen this elevated trading volume.

AVZ Minerals Ltd (ASX: AVZ)

Yet another ASX 200 lithium stock in AVZ once again rounds out our list today. AVZ Minerals has had a whopping 65.6 million of its shares traded on the share market this Thursday. This large volume appears to be the result of the significant share price movement this company has experienced today. As it presently sits, the AVZ share price is up a pleasing 5% at 84 cents a share. This comes after the company tanked more than 18% yesterday. With all of this volatility, no wonder so many AV shares are trading.

The post These 3 ASX 200 shares are topping the share market’s volume charts on Thursday appeared first on The Motley Fool Australia.

More reading

• Core Lithium share price is surging 7% on Thursday. What’s going on?
• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• Why is the Pilbara Minerals share price rocketing 7% today?
• What will the lithium price be in 2025?
• ASX 200 midday update: NAB disappoints, Qantas announces acquisition

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/nLbD0j8

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is pushing higher. At the time of writing, the benchmark index is up 0.8% to 7,365 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

ARB Corporation Limited (ASX: ARB)

The ARB share price is down a further 1.5% to $33.15. Investors have been selling this 4×4 parts manufacturer’s shares since the release of a market update on Wednesday. That update revealed that ARB expects to report a 12% increase in revenue to $700 million in FY 2022. However, due to a large increase in costs, its margins and earnings are under significant pressure.

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The ANZ share price is down 1.5% to $26.97. Investors have been selling this banking giant’s shares after brokers responded negatively to its half-year results. For example, Goldman Sachs has downgraded the bank’s shares to a neutral rating with a $29.84 price target. Its analysts believe the removal of ANZ’s cost reduction target has taken away valuation support.

Janus Henderson Group (ASX: JHG)

The Janus Henderson share price has sunk 14% to $37.40. Investors have been selling this fund manager’s shares after its quarterly update disappointed. Janus Henderson reported first quarter operating income of US$124.6 million, which was down 21% quarter on quarter and 35.3% year on year.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is down a further 2% to $4.93. This online furniture and homewares retailer’s shares have come under significant pressure after it announced its expansion into the home improvement market. The new online business is expected to be loss-making for several years and could therefore weigh on its slender margins

The post Why ANZ, ARB, Janus Henderson, and Temple & Webster shares are falling appeared first on The Motley Fool Australia.

More reading

• Here’s why the Janus Henderson share price just plunged 14%
• ASX 200 midday update: NAB disappoints, Qantas announces acquisition
• Are these 2 compelling ASX shares buys in May 2022?
• ANZ shares downgraded after cost cutting plan abandoned
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended ARB Corporation Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/lt9UPek

The Splitit Ltd (ASX: SPT) share price is on a wild ride today. In early trade it hit a high of 31 cents — a gain of almost 9%. But it has since slumped and at the time of writing is 25.5 cents — down 10.53% on Wednesday’s close.

For comparison, the S&P/ASX All Technology Index (ASX: XTX) is currently climbing 2.08%.

Let’s take a look at what is impacting the Splitit share price today.

Splitit responds to ASX query

Splitit shares have had a stellar month, surging around 60% since market close on 5 April.

During this time, the ASX has sent Splitit two share price queries, one of which was released to the market today.

Splitit shares soared 31% between market close on 5 April and 27 April. Then on 28 April, the company’s share price exploded 55%.

The ASX BNPL share reiterated today is not aware of any non-public information that explained the first price and volume movement.

With regard to the second movement, Splitit cited the CEO’s new vision potentially impacting the share price.

Commenting on the second share price movement, Splitit said:

Splitit believes that, after almost 6 months without a permanent CEO in place, gaining insight into the new CEO’s assessment of Splitit’s potential may have influenced investors to trade in Splitit’s shares.

Splitit told the ASX it is complying with listing rules. The company also responded to the ASX on 27 April advising it was not aware of any information explaining recent trading of its shares.

On 28 April, the company released a quarterly activities report, CEO presentation, and AGM meeting results.

In a new vision outlined on 28 April, CEO Nandan Sheth highlighted Splitit “bridges the gap” between BNPL and credit cards. The company also revealed it is in talks with Google about expanding its partnership with the technology giant to United States customers.

The company allows customers to split payments using available credit lines. This differentiates the company from other ASX BNPL shares.

Sheth commenced in the role of CEO on 28 February.

Share price snapshot

The Splitit share price has fallen 66% in the past year. However, this year to date it is up 2%, while it is up 21% in the past week alone.

Splitit has a market capitalisation of about $129 million based on the current share price.

The post ASX BNPL share Splitit sinking 11% on rollercoaster day appeared first on The Motley Fool Australia.

More reading

• Guess which ASX BNPL share has soared 100% in a month. Hint: it’s not Zip
• Splitit share price leaps another 14% as CEO ‘formulates a new vision’
• The Splitit share price just popped 30%. What’s with this ASX BNPL share?
• March was a lousy month for ASX BNPL shares. Here’s why

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/ywFqxYu

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to snap its losing streak. At the time of writing, the benchmark index is up 0.75% to 7,360 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:

Alliance Aviation Services Ltd (ASX: AQZ)

The Alliance Aviation share price is up 22% to $4.28. Investors have been buying this fly-in, fly-out operator’s shares after it agreed to be taken over by Qantas Airways Limited (ASX: QAN). Australia’s flag carrier airline has offered one Qantas share per Alliance share. This represents a 35% premium to the $3.51 Alliance share price at yesterday’s close and values Alliance at an enterprise value of $919.2 million.

Amcor (ASX: AMC)

The Amcor share price is up 5.5% to $17.66. This follows a positive response to the packaging company’s third-quarter update from brokers. For example, Morgans was pleased with its stronger than expected earnings per share and retained its add rating and lifted its price target on Amcor’s shares to $18.60.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price has jumped over 6% to $1.28. A number of lithium miners are charging higher today following a stellar night of trade on Wall Street for lithium miners. This was driven by a very strong quarterly result from Livent. It reported a huge jump in profits, which led to its shares surging 30% higher overnight.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price is up over 4% to $12.54 following the release of a performance update. That update revealed that the insurance giant delivered 19% growth in gross written premium during the third quarter. The company also advised that its renewal rate increases averaged 7.9% during the period.

The post Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher appeared first on The Motley Fool Australia.

More reading

• QBE share price lifts despite potential $100m impact of Ukraine conflict
• What will the lithium price be in 2025?
• Alliance share price rockets 24% on Qantas takeover news
• Top brokers explain why not all ASX lithium shares are created equal
• Core Lithium share price gives up early gains to close 5% lower

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alliance Aviation Services Ltd. The Motley Fool Australia has positions in and has recommended Alliance Aviation Services Ltd. and Amcor Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/xRs7tci

The Bank of Queensland Limited (ASX: BOQ) share price slipping amid news of rising international interest rates and the bank’s appearance at the Macquarie Australia Investor Conference.

And the bank’s stock is far from alone in the red. The S&P/ASX 200 Financials Index (ASX: XFJ) is the only S&P/ASX 200 Index (ASX: XJO) sector trading lower on Thursday.

At the time of writing, the Bank of Queensland share price is $7.82, 1.08% lower than its previous close.

For context, the ASX 200 is currently up 0.63%.

Let’s take a look at what might be going on with the bank’s shares today.

Why is the Bank of Queensland share price falling?

The Bank of Queensland share price is lower today despite the bank outlining progress made on its transformation.

It told the Macquarie Australia Investor Conference that it’s achieving growth and returns, its ahead of schedule in its acquisition of ME Bank, its digital transformation is bringing about advantages, and its on top of its cultural transformation.

However, the bank’s stock might be being weighed down by the broader finanical sector.

Right now, the ASX 200 financials sector is down 0.47%. The Bank of Queensland’s stock is coming in as the sector’s seventh worst performer.

The sector’s biggest weight is the Janus Henderson Group (ASX: JHG) share price. It’s currently down nearly 14% following the release of its results for the March quarter.

Additionally, much of the index might be reeling from news the United States Federal Reserve increased interest rates by 0.5% overnight.

The nation’s funds rate now has a target range of between 0.75% and 1%. The increase is an effort to reduce inflation.

Unfortunately, the Bank of Queensland share price’s slip comes just one day after the stock traded ex-dividend.

The bank’s shares slumped 2.71% on Wednesday as new investors missed out on securing its upcoming interim dividend.

That leaves it trading nearly 4% lower than it was at the end of last week.

The post Why is the Bank of Queensland share price slipping again on Thursday? appeared first on The Motley Fool Australia.

More reading

• Why is the Bank of Queensland share price sliding today?
• Why did the Bank of Queensland share price tank 7% in April?
• Hoping to bag the Bank of Queensland dividend? Read this
• The Bank of Queensland share price has lost 30% in 5 years. Have the dividends been worth it?
• Broker says selloff of Bank of Queensland shares was unjustified

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/1p0fSUB

The Janus Henderson Group PLC (ASX: JHG) share price is falling hard today, down 14.1% in afternoon trading.

Shares in the global fund manager are under pressure following the release of its quarterly update for the 3 months ending 31 March after market close yesterday.

The company also trades on the New York Stock Exchange, where shares closed down 8.4% yesterday (overnight Aussie time).

What quarterly results were announced?

The Janus Henderson share price is in retreat after the company reported Q1 operating income of US$124.6 million. That was down 45% from the first quarter of 2021 and down 21% from the previous quarter.

Revenue declined from US$644 million in Q1 2021 to US$620 million in the quarter just past.

Meanwhile, diluted earnings per share of 47 US cents fell 47% from the 88 US cents reported in Q1 2021.

On the brighter side, the Board declared a 39 US cent per share dividend for the quarter, unfranked, an increase of 3%.

Janus Henderson reported it had completed US$43 million of share buybacks during the March quarter, with the Board approving US$200 million of buybacks through April 2023.

The sale of the fund manager’s Quantitative Equities subsidiary, Intech Investment Management, closed on 31 March.

Commenting on the results, Roger Thompson, Janus Henderson’s interim CEO said:

In an ongoing challenging market environment, which is impacting our outlook and flows, our first quarter results reflect solid long-term investment performance, robust financials, although down on the prior quarter, and continued capital return to shareholders. We returned US$107 million through dividends and share buybacks in the first quarter…

We are excited to have Ali Dibadj begin as CEO next month, and while we transition to a new CEO, we continue to make progress on delivering our strategic initiatives, including closing the sale of Intech.

Janus Henderson share price snapshot

With today’s intraday falls factored in, the Janus Henderson share price is down 36% in 2022. That compares to a year-to-date loss of 3% posted by the S&P/ASX 200 Index (ASX: XJO).

The post Here’s why the Janus Henderson share price just plunged 14% appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: NAB disappoints, Qantas announces acquisition

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/hzZETeg

Investors are bidding up the APA Group (ASX: APA) share price on Thursday as speculation of an entrance into the United States circulates.

This afternoon, the colossal energy infrastructure company is currently 0.92% higher at $11.475 per share. For comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.6% in the green.

Although, many onlookers might still be wondering what is going on with APA today.

Eyeing off the energy transition opportunity

Two weeks after cementing a new 52-week high, the APA Group share price is back in the frame today. By the looks of it, the company’s presentation at the Macquarie Australia Conference has been the catalyst for heightened intrigue.

Looking at the slide deck shared with investors, it is clear the Aussie energy giant is honing in on the energy transition narrative. For instance, APA points out that it is positioning for a tighter energy market by mapping out $1.04 billion worth of capital investment. This sizeable investment will be spread across several projects including:

• South West Pipeline Expansion – $60 million
• East Coast Grid Expansion – $270 million
• Kurri Kurri Lateral Pipeline – $250 million
• Northern Goldfields Interconnect – $460 million

Furthermore, APA chief executive Rob Wheals reportedly described the United States as an attractive market during the presentation.

The United States is going through the same energy transition that Australia is going through on a bigger scale. The US market is a big market and an attractive market.

The comments are pertinent as rumours hang in the air over APA Group deliberating on a potential $4 billion acquisition in the US. According to reports, the Aussie giant might be measuring up a deal with a US electricity transmission company.

How has the APA Group share price performed?

The APA share price has been a solid investment for shareholders over the past 12 months. In fact, an investment in the company a year ago delivered an 11% outperformance of the benchmark index.

However, compared to other utility companies on the ASX, APA Group has been outdone. The pick of the bunch has been Origin Energy Ltd (ASX: ORG) with a return of 70% over the past year.

The post Here’s why the APA share price is in the green today appeared first on The Motley Fool Australia.

More reading

• How big is the APA dividend yield going to be in 2022?
• Own the Vanguard Australian Shares High Yield ETF? Here’s what you’re invested in
• 3 ASX companies that can raise prices whenever they want
• 2 ASX shares that could benefit from rising inflation
• 3 ASX 200 stocks smashing 52-week highs today

Motley Fool contributor Mitchell Lawler has positions in Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended APA Group. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/iyAzj0P