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As an investor, you’re always on the lookout for companies that have demonstrated sustainable growth. It’s no different when it comes to exchange-traded funds (ETFs), such as Vanguard Australian Shares Index ETF (ASX: VAS), and their dividends.

With a mouth-watering yield of around 7.4%, you naturally wonder whether the ETF — which seeks to track the S&P/ASX 300 Index (ASX: XKO) — produces consistent distribution growth.

Let’s take a look at the data to see if we can answer that question.

Wild ride for income seekers

As many would know, the Vanguard Australian Shares Index ETF has been one of the most popular dividend-paying ETFs in Australia for many years now. Its simple and low-cost way of gaining exposure to some of the largest publically traded companies makes it a staple among passive investors.

It probably doesn’t come as a surprise that this investment option boasts a considerable payout. Topping the holdings list are dividend titans such as BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia Ltd (ASX: CBA), and CSL Limited (ASX: CSL).

In the last 12-month period, the ASX-listed VAS ETF has poured out a monumental $6.26 per unit in distributions to holders. That is an almost unbelievable 2.7 times increase compared to the amount paid out to holders in the previous annual window. So, we can certainly say the payments have increased.

However, investors reliant on the income might have had a hard time stomaching the reduction witnessed in FY20 and FY21, as shown above. Though, we should keep in mind that most dividend payers struggled to maintain their payments during this unprecedented time.

Furthermore, the massive resurgence in annual distributions comes amid record dividends from the likes of miners and oil and gas shares.

What’s next for ASX Vanguard (VAS) ETF?

No one can predict whether Vanguard’s VAS ETF will continue with wild variations in payments or begin to provide steady dividend growth. In fact, not even Vanguard has much of a say over this. The ETF is a proxy for the top ASX 300 shares, which will determine their own future dividends.

Although, what we do know is the next quarterly distribution will come with an ex-dividend date of 1 October. For the payment to grow year on year, it will need to be greater than $1.407 per unit.

The post Is the Vanguard Australian Shares Index ETF (VAS) dividend growing? appeared first on The Motley Fool Australia.

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More reading

• Why making your first purchase of ASX shares can be scary
• The Vanguard Australian Shares Index ETF just took a big hit. What happened?
• Why is the Vanguard ASX 300 ETF (VAS) so popular among investors?
• Is the VAS ETF a good way to get started with investing?
• Could these ASX ETFs soon play a bigger role in Aussie super funds?

Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the day deep in the red. At the time of writing, the benchmark index is down 1.5% to 6,705.4 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Air New Zealand Limited (ASX: AIZ)

The Air New Zealand share price is up almost 8% to 64 cents. Investors have been buying this airline operator’s shares following the release of a trading update. Air New Zealand revealed that it is currently running at 70% of pre-pandemic capacity. In light of this, the company projects earnings before taxes and other significant items to be in the range of NZ$200 million to NZ$275 million for the first half of FY 2023.

Cronos Australia Ltd (ASX: CAU)

The Cronos Australia share price is up 10% to 61.5 cents. This follows the release of an update on the cannabis company’s CanView 2.0 platform. According to the release, the six-stage rollout of the platform continues with stage one and two now delivered. It also advised that there are 800 doctors using the platform in Australia, which represents just 3% of its addressable market.

Viva Energy Group Ltd (ASX: VEA)

The Viva Energy share price is up 4% to $2.74. Investors have been buying this fuel retailer’s shares after it announced the $300 million purchase of the Coles Express business from Coles Group Ltd (ASX: COL). The transaction will see Viva Energy own and operate the 710 Coles Express sites currently operated by Coles.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

The Soul Patts share price is up almost 5% to $27.01. This follows the release of the conglomerate’s full year results. Soul Patts reported a 154.4% increase in profit to $834.6 million. This allowed the company to declare a fully franked final ordinary dividend of 43 cents per share and a 15 cents per share special dividend.

The post Why Air New Zealand, Cronos, Soul Patts, and Viva Energy shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares paying out ‘special’ dividends in 2022
• Soul Patts share price jumps 5% on FY22 results
• Air New Zealand share price soars 9% on guidance update
• Viva Energy share price leaps 5% on Coles acquisition
• Brickworks share price edges higher on $746 million profit result

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 Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Three ASX mining shares are beating gains made by some of their sector peers on Wednesday.

The S&P/ASX 200 Materials Index (ASX: XMJ) is doing poorly today, down 2.45% at the time of writing. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is also struggling, losing 1.53% loss so far today.

Yet the share prices of these ASX mining stocks are up 6% or more this afternoon. Let’s cover their recent developments.

Far East Gold Ltd (ASX: FEG)

Far East Gold is a copper and gold exploration company. Its shares are up 6.67% to 72 cents each in late afternoon trading. There’s no news from Far East today, but yesterday the company announced it had started drilling at its Woyla Copper-Gold Project in Aceh Province, Indonesia.

The Woyla Project was explored by two companies, Barrick and Newcrest. In the 25 years that the project has been around, no other company has been able to do as much exploration and drilling on the tenement.

The company notes this is the first time drilling has commenced at the site and that it further de-risks the project.

Lanthanein Resources Ltd (ASX: LNR)

Lanthanein Resources is a mineral exploration company recording gains of 8.7% in late afternoon trade. Again, there are no announcements from the company today to make sense of the surge in the share price.

In fact, the most recent announcement from the company was posted on Friday last week. The company updated the market on its maiden drilling at its Lyons Prospect in the Gascoyne region of Western Australia.

Drilling is targetting high-grade rare earth elements (REE). Thirteen out of the total 30 holes have been drilled at depths of 1,068 metres. Analysis of the drilled materials for composition and quality was said to be underway.

Drilling at the site began on 12 September.

Artemis Resources Ltd (ASX: ARV)

Finally, Artemis Resources is a gold and copper explorer. Its shares are up 14.29% at the time of writing. The company’s most recent announcement was posted on 13 September, identifying a large copper-nickel system at its Chapman project in Western Australia.

Eleven holes were drilled to a depth of 3,011.3 metres.

Artemis Resources executive director Alastair Clayton commented on the finding:

Intersecting broad shallow zones of continuous copper and nickel at Chapman is encouraging, especially as these mineralised zones appear to be related to the margins of regional gabbros and related structures. Drilling at Chapman undertaken in 2021 intersected high-grade copper mineralisation over a wide interval. We look forward to refining and developing additional targets to further explore this ~1km long prospective trend.

The post 3 ASX mining shares absolutely slaying the market today appeared first on The Motley Fool Australia.

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More reading

• 5 ASX shares that could rocket from a rare earths crisis: expert

Motley Fool contributor Matthew Farley 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.

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It’s been a big year so far for S&P/ASX 200 Index (ASX: XJO) dividends, and there are still plenty of extra special offerings to come.

According to analysis by CommSec, ASX 200 shares declared more than $78 billion worth of dividends over the course of this year’s February and August earnings season.

But one particular type of offering has been the talk of the ASX town this week. And that is special dividends.

Special dividends are one-off cash payouts offered to shareholders. They are normally larger than a company’s routine dividends and allow it to return excess cash to shareholders.

Thus, they often follow an event that brings in extra cash, like an asset sale or a particularly profitable period.

So, which ASX 200 shares are declaring special dividends in 2022? Keep reading to find out.

3 ASX 200 shares paying out special dividends

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco giant Telstra offered investors a 1-cent special dividend for each share held on top of its 7.5 cent final dividend for financial year 2022.

The offering marks the end of the nbn one-off related special dividend, given the nbn rollout is complete. The telco met its commitment to pay out around 75% of all one-off nbn receipts to shareholders.

Telstra paid out its latest dividend today.

New Hope Corporation Limited (ASX: NHC)

ASX 200 coal miner New Hope declared a 25-cent special dividend earlier this week. That brings the company’s upcoming payout to 56 cents – a 700% increase on last year’s final dividend.

The special dividend was announced alongside news the company’s net profit after tax (NPAT) jumped more than 1,110% to $983 million over the 12 months ended 31 July 2022.

Washington H Soul Pattinson and Co Ltd (ASX: SOL)

Soul Patts is also paying out a special dividend this year.

The ASX 200 investment house – which holds a near-40% stake in New Hope – revealed a 15-cent per share special dividend, on top of a 72-cent per share final dividend, this morning.

The company’s chair Robert Millner commented on the offering, saying:

Over the last 20 years, the [Soul Patts] dividend has increased every year and grown at a compound average growth rate of 8.5%.

The board is also pleased to be able to pay a special dividend as a result of the very strong cash generation by New Hope in the current environment.

The post 3 ASX 200 shares paying out ‘special’ dividends in 2022 appeared first on The Motley Fool Australia.

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More reading

• The Telstra dividend is being paid today. Here’s the latest
• Dividend beasts: 5 ASX shares with monster yields and no debt
• Soul Patts share price jumps 5% on FY22 results
• Looking to buy ASX shares? Expert reveals ‘one metric to assess the quality of a business’
• Macquarie tips even more upside for New Hope share price

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 positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is on course to end the day deep in the red. At the time of writing, the benchmark index is down 1.6% to 6,699.2 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Imugene Limited (ASX: IMU)

The Imugene share price is down 12% to 20.3 cents. This is despite the immuno-oncology company announcing that its Phase 1 MAST (metastatic advanced solid tumours) study evaluating the safety of novel cancer-killing virus CF33-hNIS (VAXINIA) has seen the first patient dosed as part of intravenous cohort 1 in the trial.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is down over 4% to $3.29. Investors have been selling this administration services company’s shares after the proposed takeover by Dye & Durham took another step towards collapsing. This morning Link advised that the UK Financial Conduct Authority (FCA) has hit it with a 50 million pounds (A$85 million) penalty for the Woodford investigation. This is on top of the restitution payment of approximately 306.1 million pounds (A$520 million).

Newcrest Mining Ltd (ASX: NCM)

The Newcrest share price is down 2.5% to $16.71. Investors appear concerned that the gold price could come under pressure if the US Federal Reserve makes a big increase to interest rates this week. It isn’t just Newcrest that is falling today. The S&P/ASX All Ords Gold index is down 2.5% at the time of writing.

Zip Co Ltd (ASX: ZIP)

The Zip share price is down 6.5% to 72.5 cents. Investors have been selling Zip’s shares despite there being no news out of the buy now pay later provider. However, it is worth noting that the tech sector is a sea of red today following a broad market selloff.

The post Why Imugene, Link, Newcrest, and Zip shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Link share price sinks again amid takeover doubts
• Guess how many companies in the ASX 300 actually make no money
• Here are the top 10 ASX 200 shares today
• Why Clinuvel, EML, Infomedia, and Link shares are dropping today
• The ASX 200 is getting a shakeup today. Here’s the tea

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 Link Administration Holdings Ltd and ZIPCOLTD FPO. 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.

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Nasty, nasty, nasty. That’s pretty much all you can say about what’s happening to the S&P/ASX 200 Index (ASX: XJO) and ASX shares so far this Wednesday. At the time of writing, the ASX 200 has plunged by a depressing 1.57%, leaving the index at just under 6,700 points.

But rather than dwelling too long on all that, let’s instead check out the ASX 200 shares that are currently atop the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Vicinity Centres (ASX: VCX)

First up today is ASX 200 real estate investment trust (REIT) Vicinity Centres. So far today, a hefty 11.92 million Vicinity units have changed hands on the markets. There’s been no news of note out of this company today.

However, we have seen a pretty dramatic movement when it comes to the Vicinity unit price. This REIT is presently down a horrible 4.86% at $1.76 per unit. It’s likely that it is the size of this fall that has prompted so many units to fly around.

Pilbara Minerals Ltd (ASX: PLS)

Next up is ASX 200 lithium share Pilbara Minerals. This Wednesday has had a notable 26.67 million Pilbara shares find a new home. Again, it seems we have a share price movement to thank for this volume. Pilbara is defying the broader markets to hit yet another new record high today.

As my Fool colleague James discussed this morning, investors piled into the company after it revealed some positive results from its last BMX auction. The company initially rose as high as $5.08 this morning, but has cooled since, and is now going for $4.92 a share, up 0.6% for the day thus far.

Sayona Mining Ltd (ASX: SYA)

Sayona has only been on the ASX 200 index for three days now. But it continues to be a baptism by fire. This ASX 200 lithium share has copped another painful 6.8% slide today, putting it at 25 cents a share.

Sayona has now lost close to 14% just this week. It’s this big slide today that has likely prompted the whopping 72.9 million shares that we have watched find a new home this Wednesday.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• Pilbara Minerals share price hits record high following lithium auction
• Pilbara Minerals share price on watch following BMX lithium auction
• 5 things to watch on the ASX 200 on Wednesday
• Is this prediction great news for ASX lithium shares?

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.

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The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price reached a new 52-week low today of $8.35.

Shares of the regional bank currently trade for $8.37 each, 1.88% lower than yesterday’s closing price.

It takes the bank’s losses for the past year to 9.36%, well below the 5.6% drop in the S&P/ASX 200 Banks Index (ASX: XBK) over the same period.

BendigoBank is also underperforming three of the big four ASX banking shares over the last 12 months, with:

• Commonwealth Bank of Australia (ASX: CBA) down 5.03%
• National Australia Bank Ltd. (ASX: NAB) up 10.15%
• Westpac Banking Corp (ASX: WBC) down 1.01%

Only the Australia and New Zealand Banking Group Limited (ASX: ANZ) has performed worse with a 12.4% loss in the past year.

But there have been some important developments for Bendigo in the recent past. Let’s recap the highlights.

What’s going on with the Bendigo and Adelaide Bank share price?

Bendigo and Adelaide Bank received a buy rating from Citi analysts just last week. The consensus price target for the bank is $9.40 per share, according to Refinitiv Eikon data. That’s a considerable 12% upside at the time of writing.

Meantime, Macquarie is bullish on the ASX banking sector in the short term amid rising interest rates. My Fool colleague Zach notes that banks’ net interest income increases as the Reserve Bank of Australia lifts rates in a bid to dampen inflation.

Macquarie analysts said:

In the short term, banks continue to benefit from highly lucrative retail deposit pricing, which will likely provide margin upside in the next six months.

However, the analysts likened the recent run of interest rate increases to “a sugar hit”, warning:

If we are heading into an environment where credit growth is going to be slow for a long period of time, it does have a substantial impact on the earnings outlook and the valuation of banks.

Last month, Bendigo Bank reported its full-year earnings for FY22. Statutory net profit after tax (NPAT) dipped 6.9% to $488.1 million during the period.

Bendigo share price snapshot

Although the Bendigo Bank share price is down almost 10% year to date, it’s still outperforming the S&P/ASX 200 Index (ASX: XJO). It’s down 11.7% over the same period.

The bank’s current market capitalisation is $4.73 billion.

The post The Bendigo Bank share price just hit a new 52-week low. What’s going on? appeared first on The Motley Fool Australia.

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More reading

• Down 20% since mid August, are Bendigo Bank shares in the buy zone right now?
• What could rising interest rates mean for the Bendigo Bank share price?
• Why rising rates are a ‘sugar hit’ for ASX 200 bank shares: Macquarie
• Why is the Bendigo Bank share price dipping on Monday?
• These ASX 200 shares are going ex-dividend on Monday

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Matthew Farley 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 Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you mention ASX dividend shares to any ASX investor, chances are the first name that comes up is not the BetaShares NASDAQ 100 ETF (ASX: NDQ).

This exchange-traded fund (ETF) is well-known for its exposure to US-listed NASDAQ shares, which are heavily dominated by the tech titans of the US markets.

As such, this ETF is rather popular on the ASX. But it is not well-known for dividend income. For an ETF to pay out dividend distributions, it usually must first receive dividends from the companies that it holds.

An ETF can also fund dividend distributions from rebalancing its portfolio, but that’s a conversation for another day.

So in the BetaShares NASDAQ ETF’s case, this fund holds around 100 of the largest shares on the NASDAQ 100 Index. Although this index is dominated by US tech shares, it still contains more than a few dividend payers.

Let’s now go through this ETF’s top holdings. According to the provider, the BetaShares NASDAQ 100 ETF’s current top five holdings are as follows:

1. Apple Inc (NASDAQ: AAPL)
2. Microsoft Corporation (NASDAQ: MSFT)
3. Amazon.com Inc (NASDAQ: AMZN)
4. Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL)
5. Tesla Inc (NASDAQ: TSLA)

Does the BetaShares NASDAQ 100 ETF pay dividends?

So yes, Amazon, Alphabet and Tesla have never paid a dividend to their shareholders. But Apple and Microsoft have been established dividend payers for years now. Additionally, the BetaShares NASDAQ 100 ETF also holds other dividend payers like PepsiCo, Texas Instruments and Intel.

Thus, we can confirm that the BetaShares NASDAQ 100 ETF is a dividend-paying fund. But what sort of yield can investors expect from this US-focused ETF?

So over the past 12 months, The BetaShares NASDAQ ETF has doled out just one dividend distribution after skipping its usual January payment. This distribution came to 84.158 cents per share. On the current unit price, that gives this ETF a trailing dividend distribution yield of 3.06%.

Sure, that might not be as high as what some of the ASX-based ETFs have recently paid out. But it’s certainly a strong effort from an ETF not known for its dividend prowess.

The post You might be surprised by how much the BetaShares NASDAQ 100 ETF pays in dividends appeared first on The Motley Fool Australia.

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More reading

• Here’s why I think these ASX tech shares are buys in September
• 2 outstanding ETFs for ASX investors to buy next week
• Here’s why the BetaShares NASDAQ 100 ETF has tanked 4% today
• 3 excellent ETFs for beginner investors to buy
• 3 wonderful ETFs for ASX investors to buy today

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet (A shares), Amazon, Apple, Intel, Microsoft, PepsiCo Inc., Tesla, and Texas Instruments. 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, BETANASDAQ ETF UNITS, Intel, Microsoft, Tesla, and Texas Instruments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $57.50 calls on Intel, long March 2023 $120 calls on Apple, short January 2023 $57.50 puts on Intel, and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, and Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Whitehaven Coal Ltd (ASX: WHC) share price is shrugging off the broader market weakness to soar another 5% today.

This comes as the S&P/ASX 200 Index (ASX: XJO) is tumbling by 1.5% following losses on Wall Street overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) receded 1.01% along with the tech-heavy Nasdaq Composite (NASDAQ: .IXIC) down 0.85%, and the S&P 500 Index (SP: .INX) losing 1.13%.

At the time of writing, Whitehaven shares are up 5.21% to $9.08 after reaching an all-time high of $9.165 earlier on.

Let’s take a look at why the coal producer’s shares are outperforming the ASX today.

Whitehaven seeks extended buyback program

Investors are bidding up the Whitehaven share price after the company made an announcement regarding its share buyback program.

According to its release, Whitehaven advised it is seeking shareholder approval to extend its $550 million share buyback.

The on-market buyback commenced on 8 March this year, through which Whitehaven set out to acquire up to 10% of shares over 12 months.

The company has bought a total of 93.5 million shares or roughly 9% at an average price of $5.40 per share as of 20 September 2022.

In total, Whitehaven has spent $504.3 million on the buyback and expects to complete it before its annual general meeting. The AGM is scheduled for 26 October.

The company is hoping to get 50% shareholder approval for an on-market buyback, or 75% for an off-market tender buyback.

If the resolutions are passed, this will allow the board to acquire up to 240 million shares (25% of issued shares) under any on-market or off-market tender buyback for a 12-month period to 26 October 2023.

Whitehaven CEO and managing director Paul Flynn said:

The share buyback programme is proving to be an efficient way of returning capital to our shareholders. It supports Whitehaven’s ambition to deliver sustainable benefits for shareholders who continue to hold shares in the Company. With fewer shares on issue, the buyback is improving return on equity, earnings per share and dividends per share at the same time that underlying earnings have grown substantially.

Whitehaven share price summary

Since the start of 2022, Whitehaven shares have rocketed nearly 250% on the back of favourable coal prices.

In comparison, the S&P/ASX 200 Energy Index (ASX: XEJ) is up 35% over the same time period.

Based on today’s price, Whitehaven presides a market capitalisation of approximately $8.25 billion and has around 956.27 million shares outstanding.

The post Why is the Whitehaven share price soaring another 5% on Wednesday? appeared first on The Motley Fool Australia.

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More reading

• Why is the Whitehaven Coal share price having such a top run on Tuesday?
• Analysts name 2 ASX dividend shares to buy this month
• 3 ASX energy stocks up more than 100% so far this year
• 5 ASX energy shares powering portfolios with the highest dividend yields
• Own Whitehaven shares? Here’s some good news on your dividends

Motley Fool contributor Aaron Teboneras 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.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

CSL Limited (ASX: CSL)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $323 price target on this biotherapeutics company’s shares. This follows reports that Mexicans will be able to continue crossing the US border to donate plasma. Morgan Stanley estimates that approximately 10% of CSL’s collections come from centres close to the US-Mexico border, so this is positive news. The CSL share price is trading at $282.55 today.

IDP Education Ltd (ASX: IEL)

Another note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $35.00 price target on this language testing and student placement company’s shares. This follows the announcement of a deal to acquire Intake Education for $83 million. Morgan Stanley expects the deal to be earnings per share accretive and notes that it should boost IDP’s presence in the high-growth African market. The IDP Education share price is fetching $27.64 on Wednesday.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Macquarie have retained their outperform rating and $5.60 price target on this lithium miner’s shares. According to the note, the broker was pleased with the results of Pilbara Minerals’ latest battery material exchange auction. It notes that the company commanded a price that was up 10% month on month. It feels this reflects the current tightness in the lithium market. The Pilbara Minerals share price is trading at $4.95 today.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Could the CSL share price be set for a boost before the year’s end?
• Looking to buy ASX shares? Expert reveals ‘one metric to assess the quality of a business’
• Pilbara Minerals share price hits record high following lithium auction
• Pilbara Minerals share price on watch following BMX lithium auction
• 5 things to watch on the ASX 200 on Wednesday

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 CSL Ltd. and Idp Education Pty Ltd. 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.

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