The ASX stock APA Group (ASX: APA) continues to deliver a very pleasing level of passive income, particularly for investors targeting resilient payouts each year.

APA has one of the best records when it comes to regular payout growth, as well as its impressive asset base.

The business owns a number of important energy assets, including gas pipelines, electricity transmission, gas power stations, gas processing, gas storage, solar farms and wind farms.

Thanks to the essential nature of its portfolio, the business has been able to deliver investors a pleasing level of passive income.

Great passive income track record

APA has increased its distribution every year since 2004, which is the second-longest streak on the ASX for consistent growth of dividend payouts.

The business has kept up this payout growth whilst regularly investing in more assets for its portfolio. For example, in recent times it has announced more gas pipelines, as well as a gas peaking power plant in Queensland.

Each asset it builds/acquires, meaning it adds to APA’s ability to generate more cash flow. APA pays for its distribution from the cash flow it makes, so a growing portfolio is good news for investors wanting larger payouts.

Another positive for income-seeking investors is the fact that most of APA’s revenue is linked to inflation, so it’s benefiting from regular growth and can help offset the negatives of higher inflation for investors.

APA does not pay a distribution every month, though it does pay every six months. I think it would be better to think of the goal as an annual target and then divide the amount into 12 equal amounts.

$200 per month translates into an annual goal of $2,400 per year. I’m expecting the business to increase its annual payout to at least 59 cents per security in FY27.

To receive $2,400 per year based on the potential FY27 payout, an investor would need to buy 4,068 APA shares.

In my view, the business has a promising future and can continue expanding its energy portfolio for the foreseeable future as Australia looks to other energy sources to replace coal over the next decade.

The post I’d buy 4,068 shares of this ASX stock to aim for $200 a month of passive income appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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 positions in and has recommended Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There are a lot of options for investors to choose from in the resources sector.

To narrow things down, let’s find out what Morgans is saying about three ASX shares that have recently released updates.

Here’s what you need to know:

Amplitude Energy Ltd (ASX: AEL)

Morgans remains positive on this energy producer’s shares following its fourth-quarter update. This was particularly the case with the Orbost operation, which continues to outperform.

In response, the broker has retained its buy rating and $3.05 price target on the company’s shares. It said:

A solid Q4 production and sales result, with Orbost’s continued outperformance the obvious standout. As we expected, revenue dipped on softer Victorian and South Australian spot prices through the quarter, though by less than we had allowed for. FY26 closed with records across the board. Group production of 27.6PJe (+3%), revenue of A$285.8m (+7%) and a record realised gas price of A$10.35/GJ (+4%), while net debt was slashed 85% yoy to A$37.2m. 

Management’s outlook commentary was very positive, with the flagship Orbost plant setting fresh production records post quarter end. AEL is our top energy sector pick following recent share price weakness. We maintain our BUY rating and A$3.05 target price.

Evolution Mining Ltd (ASX: EVN)

The broker notes that this gold miner delivered a result in line with expectations. And while capital expenditure will be higher than forecast in FY 2027, it remains positive on the investment opportunity here.

Morgans has retained its buy rating with a trimmed price target of $14.60. It commented:

4Q26 result and FY26 guidance were largely in line with expectations. FY27 outlook commentary flagged higher capex than previously expected and inflationary impacts to AISC, which affect FY27 cash flow forecasts. Maintain BUY with a A$14.60ps target price (previously A$16.00ps).

Rio Tinto Ltd (ASX: RIO)

Morgans highlights that this mining giant’s Pilbara operations outperformed expectations during the second quarter. And while the Simandou operation’s performance was weak, the broker doesn’t see this as a negative.

However, for valuation reasons, Morgans only has a hold rating and $163.00 price target on Rio Tinto shares.

RIO posted a healthy Q2 where it matters, with Pilbara shipments beating consensus (+2%), while we see the headline Simandou miss (-68% vs consensus) as a net positive: a slower Simandou ramp supports iron ore benchmarks, and each US$10/t on the benchmark is worth ~US$2.5bn of annual EBITDA to RIO’s far larger Pilbara business. The sting in the tail was Kennecott, with a late June converting furnace breach requiring a ~75-day full rebuild, hitting H2 refined copper and gold output (total copper including saleable matte unchanged). 

Copper C1 guidance halved to US30-50c/lb, on strong by-prod prices, a material margin tailwind into the H2 result. Trading back close to where we see fair value, RIO remains one of the highest quality global exposures to a sector enjoying a multi-year upcycle (albeit not without its volatility). We maintain our HOLD rating, A$163.00 TP (was A$165.00).

The post Should you buy Rio Tinto and these ASX shares? appeared first on The Motley Fool Australia.

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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 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.

Do you have room in your portfolio for a new addition? If you do and are interested in ASX 200 tech shares, then it could be worth considering Netwealth Group Ltd (ASX: NWL) shares.

That’s the view of analysts at Bell Potter, which remains bullish on the investment platform provider following its quarterly update.

What is the broker saying?

Bell Potter highlights that Netwealth’s fourth quarter update was slightly ahead of expectations thanks to positive market movements. It said:

Minor beat related to market movements and outlook parameters were reconfirmed. Gross flow momentum and managed account net flows held up despite elevated outflows. Investor caution was slight (middle east conflict and budget), and this was the key takeaway. Institutional accounts were weaker and the cause, while the superannuation segment delivered record net flows. Consensus net flows sit at the lower bound of the guidance range and offer further room for potential withdrawals.

Another positive is that its outlook commentary was unchanged, which it believes points to new run rate momentum. 

Outlook comments are unchanged and indicate new run rate momentum: 1) elevated outflow impacts are expected to be temporary; 2) FY27 net flows of $18-20B, which would imply organic momentum and the partial benefit of new products; 3) EBITDA margins of 47%; and 4) investment in capitalised software of $17M. Net flow guidance wraps well around consensus expectations for $18.2B. Initiatives delivered in the period include an agentive AI agent for real-time support and improved execution.

Should you buy Netwealth shares?

According to the note, Bell Potter has retained its buy rating and $30.00 price target on Netwealth’s shares.

Based on its current share price of $23.50, this implies potential upside of approximately 28% for investors over the next 12 months.

In addition, a dividend yield of 2.2% is expected in FY 2027. This stretches the total potential return over the period to approximately 30%.

If Bell Potter is on the money with its recommendation, this would turn a $10,000 investment into approximately $13,000.

Commenting on its buy recommendation, the broker said:

Our Buy rating and target price are unchanged. NWL remains on track to deliver free cash flow margins in-line with 5Y historical standards, balancing growth investments and profitability. Market share cadence and the current multiple make this attractive.

Overall, this could make the company worth considering if you are looking for exposure to this side of the market.

The post Are Netwealth shares a top buy after its update? appeared first on The Motley Fool Australia.

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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 Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.