Creative Planning Buys 21,376 Shares of PPL Corp (PPL)

Creative Planning boosted its stake in shares of PPL Corp (NYSE:PPL) by 27.6% in the 4th quarter, Holdings Channel reports. The firm owned 98,755 shares of the utilities provider’s stock after buying an additional 21,376 shares during the quarter. Creative Planning’s holdings in PPL were worth $3,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wilbanks Smith & Thomas Asset Management LLC boosted its position in PPL by 2.1% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,085 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 205 shares during the last quarter. D.A. Davidson & CO. boosted its position in PPL by 4.2% during the second quarter. D.A. Davidson & CO. now owns 8,554 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 344 shares during the last quarter. Bank of Hawaii boosted its position in PPL by 0.5% during the second quarter. Bank of Hawaii now owns 95,908 shares of the utilities provider’s stock valued at $3,708,000 after purchasing an additional 511 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its position in PPL by 2.5% during the second quarter. Laurel Wealth Advisors Inc. now owns 22,820 shares of the utilities provider’s stock valued at $882,000 after purchasing an additional 556 shares during the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in PPL by 6.2% during the second quarter. Ropes Wealth Advisors LLC now owns 10,251 shares of the utilities provider’s stock valued at $396,000 after purchasing an additional 601 shares during the last quarter. 71.33% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the company. Deutsche Bank raised PPL from a “hold” rating to a “buy” rating and reduced their price target for the company from $39.00 to $36.00 in a research report on Thursday, January 18th. ValuEngine raised PPL from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. TheStreet cut PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. SunTrust Banks reissued a “buy” rating and set a $39.00 price target on shares of PPL in a research report on Tuesday, January 9th. Finally, Canaccord Genuity reissued a “buy” rating and set a $48.00 price target on shares of PPL in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.50.

Shares of PPL Corp (NYSE PPL) opened at $31.49 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48. The stock has a market capitalization of $21,680.00, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.48. PPL Corp has a 52 week low of $30.44 and a 52 week high of $40.20.

PPL (NYSE:PPL) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.03 billion. PPL had a return on equity of 15.30% and a net margin of 20.60%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. equities research analysts forecast that PPL Corp will post 2.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.395 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.02%. PPL’s dividend payout ratio (DPR) is currently 71.49%.

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PPL 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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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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