HBK Investments L P bought a new position in shares of PPL Co. (NYSE:PPL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 219,400 shares of the utilities provider’s stock, valued at approximately $6,790,000.
Several other large investors also recently bought and sold shares of PPL. New York State Common Retirement Fund lifted its position in shares of PPL by 17.4% during the third quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock worth $66,100,000 after acquiring an additional 258,600 shares in the last quarter. Rhumbline Advisers grew its stake in shares of PPL by 0.6% during the third quarter. Rhumbline Advisers now owns 1,180,424 shares of the utilities provider’s stock valued at $44,797,000 after buying an additional 6,792 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of PPL by 6.6% during the third quarter. Russell Investments Group Ltd. now owns 1,623,103 shares of the utilities provider’s stock valued at $61,591,000 after buying an additional 100,365 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of PPL by 2.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,632,511 shares of the utilities provider’s stock valued at $99,904,000 after buying an additional 60,397 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of PPL by 10.4% during the third quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock valued at $615,000 after buying an additional 1,528 shares during the last quarter. Hedge funds and other institutional investors own 71.46% of the company’s stock.
Shares of PPL opened at $27.93 on Friday. The company has a market cap of $19,329.29, a P/E ratio of 12.41, a PEG ratio of 2.00 and a beta of 0.52. The company has a quick ratio of 0.49, a current ratio of 0.57 and a debt-to-equity ratio of 1.84. PPL Co. has a twelve month low of $27.08 and a twelve month high of $40.20.
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 the consensus estimate of $2.03 billion. PPL had a net margin of 15.15% and a return on equity of 14.75%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. sell-side analysts anticipate that PPL Co. will post 2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.64 annualized dividend and a dividend yield of 5.87%. This is an increase from PPL’s previous quarterly dividend of $0.40. PPL’s dividend payout ratio (DPR) is 72.89%.
In other PPL news, SVP Joanne H. Raphael sold 2,205 shares of PPL stock in a transaction that occurred 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 sale, the senior vice president now owns 16,799 shares of the company’s stock, valued at approximately $490,362.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the sale, the insider now directly owns 25,940 shares of the company’s stock, valued at approximately $821,519.80. The disclosure for this sale can be found here. Insiders have sold 52,978 shares of company stock valued at $1,652,939 in the last three months. 0.40% of the stock is owned by insiders.
A number of research analysts have recently issued reports on PPL shares. Macquarie cut PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, December 12th. TheStreet lowered shares of PPL from a “b-” rating to a “c+” rating in a report on Thursday, January 18th. SunTrust Banks reiterated a “buy” rating and set a $42.00 target price on shares of PPL in a report on Tuesday, December 26th. Finally, Guggenheim reiterated a “hold” rating and set a $32.00 target price on shares of PPL in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $37.50.
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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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