QS Investors LLC lifted its holdings in shares of PPL Corp (NYSE:PPL) by 14.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 312,809 shares of the utilities provider’s stock after acquiring an additional 38,824 shares during the period. QS Investors LLC’s holdings in PPL were worth $9,681,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Virtue Capital Management LLC bought a new stake in shares of PPL during the fourth quarter worth about $837,000. Jefferies Group LLC increased its position in shares of PPL by 254.5% during the fourth quarter. Jefferies Group LLC now owns 562,777 shares of the utilities provider’s stock worth $17,418,000 after acquiring an additional 404,003 shares in the last quarter. Caxton Associates LP bought a new stake in shares of PPL during the fourth quarter worth about $1,314,000. Advisor Group Inc. increased its position in shares of PPL by 2.9% during the fourth quarter. Advisor Group Inc. now owns 128,626 shares of the utilities provider’s stock worth $3,982,000 after acquiring an additional 3,588 shares in the last quarter. Finally, Dynamic Capital Management Ltd bought a new stake in shares of PPL during the fourth quarter worth about $5,152,000. 71.50% of the stock is owned by institutional investors.
Shares of PPL Corp (PPL) opened at $27.54 on Monday. PPL Corp has a 52-week low of $27.12 and a 52-week high of $40.20. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.57 and a quick ratio of 0.49. The stock has a market cap of $19,114.13, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.95%. This is an increase from PPL’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 8th. PPL’s dividend payout ratio is presently 100.00%.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada raised shares of PPL from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $28.32 to $33.00 in a research report on Tuesday, March 6th. SunTrust Banks set a $36.00 target price on shares of PPL and gave the stock a “buy” rating in a research report on Friday, February 23rd. UBS Group reissued a “buy” rating and set a $36.00 target price (down from $37.00) on shares of PPL in a research report on Friday, February 23rd. ValuEngine downgraded shares of PPL from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, TheStreet downgraded shares of PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. PPL presently has a consensus rating of “Hold” and an average target price of $37.50.
In other PPL news, SVP Joanne H. Raphael sold 5,045 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $159,422.00. Following the transaction, the senior vice president now directly owns 24,080 shares in the company, valued at $760,928. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gregory N. Dudkin sold 9,320 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the transaction, the insider now owns 25,940 shares in the company, valued at $821,519.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,978 shares of company stock worth $1,652,939. Corporate insiders own 0.40% of the company’s stock.
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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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