Dimensional Fund Advisors LP lowered its stake in shares of PPL Corp (NYSE:PPL) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,184,477 shares of the utilities provider’s stock after selling 11,342 shares during the quarter. Dimensional Fund Advisors LP owned about 0.17% of PPL worth $44,953,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cutler Capital Management LLC acquired a new position in shares of PPL during the third quarter valued at about $114,000. Pinebridge Investments L.P. acquired a new position in shares of PPL during the second quarter valued at about $224,000. Cable Hill Partners LLC increased its holdings in shares of PPL by 5,417.6% during the third quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 6,447 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of PPL during the second quarter valued at about $262,000. Finally, Sawgrass Asset Management LLC acquired a new position in shares of PPL during the third quarter valued at about $259,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.
Several research firms have recently issued reports on PPL. ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Deutsche Bank upgraded shares of PPL from a “hold” rating to a “buy” rating and cut their price objective for the company from $39.00 to $36.00 in a report on Thursday, January 18th. SunTrust Banks began coverage on shares of PPL in a report on Tuesday, October 10th. They set a “buy” rating and a $43.00 price objective on the stock. TheStreet downgraded shares of PPL from a “b-” rating to a “c+” rating in a report on Thursday, January 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price target on shares of PPL in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.50.
In other news, SVP Joanne H. Raphael sold 5,045 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $159,422.00. Following the sale, the senior vice president now owns 24,080 shares of the company’s stock, valued at approximately $760,928. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Sorgi sold 10,274 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total transaction of $324,041.96. Following the sale, the insider now directly owns 3,406 shares in the company, valued at approximately $107,425.24. The disclosure for this sale can be found here. Insiders have sold a total of 34,843 shares of company stock worth $1,100,422 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.
Shares of PPL Corp (NYSE:PPL) traded up $0.45 during trading hours on Wednesday, reaching $31.87. 6,988,243 shares of the company traded hands, compared to its average volume of 7,220,000. PPL Corp has a one year low of $30.44 and a one year high of $40.20. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79. The firm has a market cap of $21,940.00, a P/E ratio of 14.42, a PEG ratio of 1.94 and a beta of 0.48.
PPL (NYSE:PPL) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. PPL had a net margin of 20.60% and a return on equity of 15.30%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $0.63 EPS. PPL’s quarterly revenue was down 2.3% on a year-over-year basis. research analysts anticipate that PPL Corp will post 2.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a $0.395 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.58 annualized dividend and a yield of 4.96%. PPL’s dividend payout ratio (DPR) is presently 71.49%.
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PPL Company Profile
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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