Sciencast Management LP bought a new position in PPL Corp (NYSE:PPL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,063 shares of the utilities provider’s stock, valued at approximately $792,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PPL. New York State Common Retirement Fund lifted its stake in PPL by 17.4% in the 3rd quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock worth $66,100,000 after purchasing an additional 258,600 shares in the last quarter. Rhumbline Advisers lifted its stake in PPL by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 1,180,424 shares of the utilities provider’s stock worth $44,797,000 after purchasing an additional 6,792 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in PPL by 6.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,623,103 shares of the utilities provider’s stock worth $61,591,000 after purchasing an additional 100,365 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in PPL by 2.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,632,511 shares of the utilities provider’s stock worth $99,904,000 after purchasing an additional 60,397 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in PPL by 10.4% in the 3rd quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock worth $615,000 after purchasing an additional 1,528 shares in the last quarter. 71.50% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Victor A. Staffieri sold 19,524 shares of PPL stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $616,958.40. Following the completion of the sale, the chairman now owns 29,084 shares in the company, valued at approximately $919,054.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Victor A. Staffieri sold 4,232 shares of PPL stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.20, for a total transaction of $123,574.40. The disclosure for this sale can be found here. Insiders sold a total of 52,978 shares of company stock valued at $1,652,939 in the last quarter. 0.40% of the stock is owned by insiders.
PPL (NYSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.03 billion. PPL had a net margin of 15.15% and a return on equity of 14.75%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. analysts forecast that PPL Corp will post 2.32 earnings per share for the current year.
The company also recently declared 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 5.91%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from PPL’s previous quarterly dividend of $0.40. PPL’s payout ratio is presently 100.00%.
A number of research analysts have weighed in on the stock. ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Canaccord Genuity reissued a “buy” rating and issued a $48.00 target price on shares of PPL in a research note on Thursday, November 30th. SunTrust Banks set a $37.00 target price on shares of PPL and gave the stock a “buy” rating in a research note on Monday, February 12th. UBS Group reissued a “buy” rating and issued a $36.00 target price (down from $37.00) on shares of PPL in a research note on Friday, February 23rd. Finally, TheStreet lowered 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 given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.50.
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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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