Barclays PLC Grows Stock Holdings in PPL Co. (NYSE:PPL)

Barclays PLC grew its holdings in shares of PPL Co. (NYSE:PPL) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,474,950 shares of the utilities provider’s stock after buying an additional 86,416 shares during the quarter. Barclays PLC owned 0.19% of PPL worth $41,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PPL. AGF Investments LLC purchased a new stake in PPL during the second quarter worth approximately $34,000. Berman Capital Advisors LLC boosted its stake in shares of PPL by 86.7% in the third quarter. Berman Capital Advisors LLC now owns 1,240 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 576 shares during the period. Tompkins Financial Corp purchased a new position in shares of PPL in the third quarter valued at $34,000. Tobam purchased a new position in shares of PPL in the second quarter valued at $42,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of PPL by 216.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,891 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 63.50% of the company’s stock.

Shares of NYSE:PPL opened at $29.97 on Friday. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of -17.53 and a beta of 0.77. PPL Co. has a 1-year low of $26.15 and a 1-year high of $30.72. The company’s fifty day moving average is $29.16 and its two-hundred day moving average is $28.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.49 and a current ratio of 2.62.

PPL (NYSE:PPL) last issued its earnings results on Thursday, November 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.02). The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.59 billion. PPL had a positive return on equity of 8.07% and a negative net margin of 21.26%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. Sell-side analysts expect that PPL Co. will post 1.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Friday, December 10th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.54%. PPL’s dividend payout ratio (DPR) is -97.08%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research note on Friday, December 24th. TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a research note on Wednesday, October 27th. Finally, Morgan Stanley increased their price objective on shares of PPL from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 21st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.56.

About PPL

PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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