Teilinger Capital Ltd. Has $15.91 Million Stock Position in PPL Co. (NYSE:PPL)

Teilinger Capital Ltd. decreased its holdings in PPL Co. (NYSE:PPL) by 67.3% in the fourth quarter, Holdings Channel reports. The fund owned 490,000 shares of the utilities provider’s stock after selling 1,010,000 shares during the quarter. PPL makes up 2.8% of Teilinger Capital Ltd.’s holdings, making the stock its 4th biggest holding. Teilinger Capital Ltd.’s holdings in PPL were worth $15,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PPL. Kentucky Trust Co bought a new position in shares of PPL in the 4th quarter valued at about $32,000. Ashton Thomas Securities LLC bought a new stake in PPL in the third quarter worth about $34,000. Rosenberg Matthew Hamilton lifted its stake in PPL by 1,092.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,114 shares during the last quarter. Newton One Investments LLC bought a new stake in PPL in the fourth quarter worth about $49,000. Finally, Covestor Ltd lifted its stake in PPL by 139.2% in the third quarter. Covestor Ltd now owns 1,512 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 880 shares during the last quarter. Institutional investors own 76.99% of the company’s stock.

PPL Stock Performance

PPL stock opened at $35.23 on Friday. The company has a 50 day moving average price of $33.29 and a 200-day moving average price of $32.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.71 and a current ratio of 0.86. PPL Co. has a fifty-two week low of $25.87 and a fifty-two week high of $35.28. The company has a market capitalization of $26.01 billion, a PE ratio of 29.11, a P/E/G ratio of 2.77 and a beta of 0.83.

PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.09 billion. PPL had a net margin of 10.49% and a return on equity of 8.88%. As a group, equities analysts forecast that PPL Co. will post 1.83 earnings per share for the current year.

PPL Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.09%. This is a positive change from PPL’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, March 10th. PPL’s dividend payout ratio (DPR) is presently 90.08%.

Insider Activity at PPL

In other PPL news, SVP Tadd J. Henninger sold 6,639 shares of PPL stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $32.16, for a total value of $213,510.24. Following the transaction, the senior vice president now directly owns 11,210 shares of the company’s stock, valued at approximately $360,513.60. The trade was a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David J. Bonenberger sold 981 shares of PPL stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $32,843.88. Following the completion of the transaction, the chief operating officer now directly owns 45,414 shares in the company, valued at $1,520,460.72. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,633 shares of company stock valued at $346,657 over the last ninety days. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. BMO Capital Markets assumed coverage on shares of PPL in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 price objective for the company. Bank of America raised their price objective on shares of PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays raised their price objective on shares of PPL from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Citigroup raised their price objective on shares of PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.27.

About PPL

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.