Advisor Group Inc. boosted its position in shares of PPL Corp (NYSE:PPL) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,626 shares of the utilities provider’s stock after buying an additional 3,588 shares during the quarter. Advisor Group Inc.’s holdings in PPL were worth $3,982,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dynamic Capital Management Ltd purchased a new position in PPL during the fourth quarter worth $5,152,000. Nomura Asset Management Co. Ltd. boosted its stake in PPL by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 99,887 shares of the utilities provider’s stock worth $3,091,000 after buying an additional 3,390 shares during the period. BlueCrest Capital Management Ltd purchased a new position in PPL during the fourth quarter worth $949,000. Thrivent Financial For Lutherans boosted its stake in PPL by 123.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 70,056 shares of the utilities provider’s stock worth $2,168,000 after buying an additional 38,688 shares during the period. Finally, MANA Advisors LLC purchased a new position in PPL during the fourth quarter worth $1,730,000. 71.50% of the stock is owned by institutional investors.
Shares of PPL Corp (PPL) opened at $27.89 on Tuesday. PPL Corp has a 52-week low of $27.12 and a 52-week high of $40.20. The firm has a market capitalization of $19,360.00, a price-to-earnings ratio of 13.22, a PEG ratio of 1.98 and a beta of 0.54. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.49 and a current ratio of 0.57.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.88%. This is an increase from PPL’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 8th. PPL’s dividend payout ratio (DPR) is 77.73%.
Several research analysts have commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $48.00 price objective on shares of PPL in a research note on Thursday, November 30th. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, December 12th. Macquarie lowered shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, December 19th. TheStreet lowered shares of PPL from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. Finally, Deutsche Bank raised shares of PPL from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $39.00 to $36.00 in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. PPL presently has a consensus rating of “Hold” and an average target price of $37.50.
In other news, Chairman Victor A. Staffieri sold 4,232 shares of PPL stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $29.20, for a total transaction of $123,574.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joanne H. Raphael sold 2,205 shares of PPL stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $29.19, for a total value of $64,363.95. Following the completion of the sale, the senior vice president now owns 16,799 shares of the company’s stock, valued at $490,362.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,978 shares of company stock valued at $1,652,939. Corporate insiders own 0.40% of the company’s stock.
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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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