MetLife Investment Advisors LLC purchased a new position in shares of PPL Co. (NYSE:PPL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 211,380 shares of the utilities provider’s stock, valued at approximately $6,542,000.
A number of other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. lifted its holdings in PPL by 10.4% during the third quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock worth $615,000 after acquiring an additional 1,528 shares during the period. Girard Partners LTD. lifted its holdings in PPL by 6.3% during the fourth quarter. Girard Partners LTD. now owns 28,108 shares of the utilities provider’s stock worth $870,000 after acquiring an additional 1,674 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in PPL by 42.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 1,687 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of PPL by 3.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 56,597 shares of the utilities provider’s stock valued at $1,752,000 after buying an additional 1,719 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of PPL by 3.1% in the fourth quarter. Raymond James Trust N.A. now owns 59,327 shares of the utilities provider’s stock valued at $1,836,000 after buying an additional 1,775 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.
PPL has been the topic of several research reports. Canaccord Genuity restated a “buy” rating and issued a $48.00 target price on shares of PPL in a research note on Thursday, November 30th. ValuEngine lowered PPL from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded PPL from a “sell” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks restated a “buy” rating and issued a $42.00 target price on shares of PPL in a research note on Tuesday, December 26th. Finally, UBS initiated coverage on PPL in a research note on Friday, February 2nd. They issued a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.50.
In other news, Chairman Victor A. Staffieri sold 19,524 shares of PPL stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total value of $616,958.40. Following the completion of the transaction, the chairman now directly owns 29,084 shares in the company, valued at $919,054.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joanne H. Raphael sold 2,205 shares of PPL stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $29.19, for a total value of $64,363.95. Following the completion of the transaction, the senior vice president now owns 16,799 shares of the company’s stock, valued at $490,362.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,978 shares of company stock valued at $1,652,939. 0.40% of the stock is owned by company insiders.
PPL Co. (NYSE PPL) opened at $27.32 on Friday. The firm has a market capitalization of $18,892.04, a price-to-earnings ratio of 12.10, a PEG ratio of 1.96 and a beta of 0.54. PPL Co. has a 52-week low of $27.12 and a 52-week high of $40.20. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.57 and a quick ratio of 0.49.
PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.03 billion. PPL had a return on equity of 14.75% and a net margin of 15.15%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. analysts anticipate that PPL Co. will post 2.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a $0.41 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from PPL’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 6.00%. PPL’s payout ratio is 100.00%.
PPL Company Profile
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.
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