PPL Target of Unusually Large Options Trading (PPL)
PPL Corporation (NYSE:PPL) was the target of unusually large options trading activity on Tuesday. Traders bought 1,696 put options on the stock. This represents an increase of 1,111% compared to the typical volume of 140 put options.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cutler Capital Management LLC purchased a new position in PPL in the third quarter valued at $114,000. Parallel Advisors LLC increased its stake in shares of PPL by 7.6% during the second quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 321 shares in the last quarter. Green Square Capital LLC purchased a new stake in shares of PPL during the third quarter worth about $215,000. Pinebridge Investments L.P. purchased a new stake in shares of PPL during the second quarter worth about $224,000. Finally, Cable Hill Partners LLC increased its stake 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 worth $249,000 after purchasing an additional 6,447 shares in the last quarter. 71.31% of the stock is owned by institutional investors.
PPL (PPL) opened at $35.02 on Friday. PPL has a 1 year low of $32.71 and a 1 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 stock has a market cap of $24,295.91, a price-to-earnings ratio of 15.34, a P/E/G ratio of 2.32 and a beta of 0.47.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.395 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.58 dividend on an annualized basis and a yield of 4.51%. PPL’s payout ratio is 71.49%.
Several equities research analysts have recently commented on PPL shares. Zacks Investment Research downgraded shares of PPL from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. KeyCorp reiterated a “hold” rating on shares of PPL in a research note on Friday, October 20th. ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. SunTrust Banks began coverage on shares of PPL in a research note on Tuesday, October 10th. They set a “buy” rating and a $43.00 price objective for the company. Finally, BidaskClub upgraded shares of PPL from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. PPL has a consensus rating of “Hold” and an average target price of $41.28.
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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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