ERTS Wealth Advisors LLC bought a new stake in PPL Corp (NYSE:PPL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,710 shares of the utilities provider’s stock, valued at approximately $105,000.
A number of other hedge funds have also recently added to or reduced their stakes in PPL. Cohen & Steers Inc. increased its position in shares of PPL by 0.4% during the third quarter. Cohen & Steers Inc. now owns 97,977 shares of the utilities provider’s stock worth $2,867,000 after acquiring an additional 362 shares in the last quarter. Captrust Financial Advisors lifted its stake in PPL by 31.7% in the 4th quarter. Captrust Financial Advisors now owns 1,514 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 364 shares in the last quarter. Nwam LLC lifted its stake in PPL by 2.2% in the 4th quarter. Nwam LLC now owns 18,619 shares of the utilities provider’s stock worth $527,000 after purchasing an additional 396 shares in the last quarter. Griffin Asset Management Inc. lifted its stake in PPL by 0.4% in the 3rd quarter. Griffin Asset Management Inc. now owns 100,464 shares of the utilities provider’s stock worth $2,940,000 after purchasing an additional 399 shares in the last quarter. Finally, Ffcm LLC lifted its stake in PPL by 1.5% in the 4th quarter. Ffcm LLC now owns 28,275 shares of the utilities provider’s stock worth $801,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 73.89% of the company’s stock.
Shares of PPL stock traded down $0.10 on Thursday, hitting $32.40. 21,313 shares of the company’s stock traded hands, compared to its average volume of 4,742,811. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.47 and a current ratio of 0.53. PPL Corp has a one year low of $25.30 and a one year high of $32.68. The firm has a market cap of $23.43 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.67 and a beta of 0.54.
PPL (NYSE:PPL) last released its earnings results on Thursday, February 14th. The utilities provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. PPL had a net margin of 23.47% and a return on equity of 14.91%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts forecast that PPL Corp will post 2.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a dividend of $0.4125 per share. This is a boost from PPL’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Thursday, March 7th. PPL’s dividend payout ratio (DPR) is 68.75%.
Several analysts have issued reports on PPL shares. Desjardins reiterated an “average” rating and issued a $52.00 target price on shares of PPL in a research note on Monday, January 7th. SunTrust Banks restated a “buy” rating and set a $35.00 price objective on shares of PPL in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 11th. ValuEngine upgraded shares of PPL from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Evercore ISI cut shares of PPL from an “outperform” rating to an “in-line” rating in a research report on Thursday, February 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $34.33.
In other PPL news, Chairman William H. Spence sold 225,365 shares of PPL stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $32.50, for a total value of $7,324,362.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Paul W. Thompson sold 4,573 shares of PPL stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $28.25, for a total transaction of $129,187.25. Following the completion of the transaction, the chairman now directly owns 7,419 shares of the company’s stock, valued at $209,586.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,997 shares of company stock valued at $8,265,457. 0.38% of the stock is currently owned by corporate insiders.
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PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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