Lowe Wealth Advisors LLC cut its stake in PPL Corp (NYSE:PPL) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 929 shares of the utilities provider’s stock after selling 403 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in PPL were worth $26,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Arlington Partners LLC bought a new position in PPL during the fourth quarter worth about $28,000. Point72 Hong Kong Ltd bought a new position in PPL during the third quarter worth about $124,000. Westbourne Investment Advisors Inc. bought a new position in PPL during the third quarter worth about $153,000. North Star Investment Management Corp. increased its position in PPL by 88.2% during the fourth quarter. North Star Investment Management Corp. now owns 6,403 shares of the utilities provider’s stock worth $181,000 after acquiring an additional 3,000 shares during the period. Finally, Signaturefd LLC increased its position in PPL by 422.1% during the second quarter. Signaturefd LLC now owns 7,524 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 6,083 shares during the period. 75.97% of the stock is currently owned by institutional investors and hedge funds.
PPL stock traded up $0.28 during mid-day trading on Thursday, hitting $29.57. The stock had a trading volume of 4,402,197 shares, compared to its average volume of 4,897,942. PPL Corp has a 52 week low of $25.30 and a 52 week high of $32.46. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 1.69. The firm has a market cap of $20.79 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.36 and a beta of 0.46.
PPL (NYSE:PPL) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. PPL had a net margin of 19.17% and a return on equity of 15.23%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that PPL Corp will post 2.35 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, December 7th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.55%. PPL’s payout ratio is currently 72.89%.
In related news, Chairman Paul W. Thompson sold 4,573 shares of PPL stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $28.25, for a total transaction of $129,187.25. Following the sale, the chairman now directly owns 7,419 shares in the company, valued at approximately $209,586.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joanne H. Raphael sold 22,410 shares of PPL stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $31.00, for a total transaction of $694,710.00. Following the sale, the senior vice president now owns 39,209 shares in the company, valued at $1,215,479. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,556 shares of company stock worth $953,085. 0.38% of the stock is currently owned by corporate insiders.
Several research firms have commented on PPL. Zacks Investment Research lowered shares of PPL from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of PPL from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Wells Fargo & Co raised their target price on shares of PPL from $32.00 to $33.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Finally, Desjardins reissued an “average” rating and issued a $52.00 target price on shares of PPL in a report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. PPL has an average rating of “Hold” and an average price target of $35.33.
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.
See Also: Intrinsic Value
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