1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC grew its stake in PPL Co. ( NYSE:PPL – Free Report ) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 15,499 shares of the utilities provider’s stock after purchasing an additional 2,796 shares during the period. Orion Portfolio Solutions LLC’s holdings in PPL were worth $503,000 at the end of the most recent reporting period. A number of other large investors also recently bought and sold shares of the company.
Nomura Asset Management Co. Ltd. boosted its holdings in PPL by 17.
2% in the 4th quarter. Nomura Asset Management Co. Ltd.
now owns 292,396 shares of the utilities provider’s stock valued at $9,491,000 after purchasing an additional 42,972 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in shares of PPL by 45.
1% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,929,007 shares of the utilities provider’s stock valued at $95,076,000 after buying an additional 909,911 shares in the last quarter.
New Age Alpha Advisors LLC grew its holdings in PPL by 33,416.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 184,340 shares of the utilities provider’s stock worth $5,984,000 after acquiring an additional 183,790 shares during the period.
Norges Bank purchased a new position in PPL in the fourth quarter worth $228,509,000. Finally, NEOS Investment Management LLC raised its position in PPL by 30.8% in the fourth quarter.
NEOS Investment Management LLC now owns 42,235 shares of the utilities provider’s stock worth $1,371,000 after acquiring an additional 9,950 shares in the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.
PPL Stock Down 2.7 % Shares of NYSE:PPL opened at $33.52 on Tuesday.
The company has a 50 day moving average of $34.51 and a two-hundred day moving average of $33.43.
PPL Co. has a 52-week low of $25.93 and a 52-week high of $36.
64. The company has a quick ratio of 0.71, a current ratio of 0.
86 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $24.
75 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.77 and a beta of 0.
65. PPL Increases Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a dividend of $0.
2725 per share. This is a boost from PPL’s previous quarterly dividend of $0.26.
The ex-dividend date was Monday, March 10th. This represents a $1.09 annualized dividend and a dividend yield of 3.
25%. PPL’s dividend payout ratio (DPR) is presently 90.08%.
Analysts Set New Price Targets PPL has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of PPL from $39.00 to $38.
00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. BMO Capital Markets initiated coverage on PPL in a research report on Wednesday, December 11th. They set an “outperform” rating and a $36.
00 target price on the stock. UBS Group boosted their price objective on shares of PPL from $35.00 to $36.
00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley raised their target price on shares of PPL from $35.00 to $38.
00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Finally, Barclays upped their price target on shares of PPL from $33.00 to $36.
00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PPL presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.
27. Read Our Latest Analysis on PPL Insider Buying and Selling In other news, SVP Tadd J. Henninger sold 1,424 shares of the stock in a transaction that occurred on Tuesday, January 28th.
The stock was sold at an average price of $33.48, for a total transaction of $47,675.52.
Following the sale, the senior vice president now directly owns 11,259 shares in the company, valued at approximately $376,951.32. This represents a 11.
23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Christine M.
Martin sold 1,146 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $34.78, for a total value of $39,857.
88. Following the completion of the sale, the insider now directly owns 37,167 shares in the company, valued at approximately $1,292,668.26.
This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here .
Over the last three months, insiders sold 5,140 shares of company stock worth $173,005. Corporate insiders own 0.22% of the company’s stock.
PPL Company Profile ( Free Report ) PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.
The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. Further Reading Want to see what other hedge funds are holding PPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPL Co.
( NYSE:PPL – Free Report ). Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter .
.
