Sound Income Strategies LLC Has $99,000 Stake in PPL Corp (PPL)

Sound Income Strategies LLC grew its position in PPL Corp (NYSE:PPL) by 623.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,481 shares of the utilities provider’s stock after purchasing an additional 3,000 shares during the quarter. Sound Income Strategies LLC’s holdings in PPL were worth $99,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rehmann Capital Advisory Group raised its holdings in shares of PPL by 2,949.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 41,344 shares of the utilities provider’s stock valued at $1,413,000 after purchasing an additional 39,988 shares in the last quarter. Gradient Investments LLC raised its stake in PPL by 6.3% during the 3rd quarter. Gradient Investments LLC now owns 319,916 shares of the utilities provider’s stock worth $9,361,000 after acquiring an additional 19,050 shares in the last quarter. Renaissance Technologies LLC raised its stake in PPL by 732.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,497,500 shares of the utilities provider’s stock worth $42,754,000 after acquiring an additional 1,317,600 shares in the last quarter. BB&T Corp raised its stake in PPL by 1.4% during the 3rd quarter. BB&T Corp now owns 172,068 shares of the utilities provider’s stock worth $5,035,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in PPL by 2.7% during the 2nd quarter. Baird Financial Group Inc. now owns 143,596 shares of the utilities provider’s stock worth $4,100,000 after acquiring an additional 3,722 shares in the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.

Several equities research analysts recently commented on PPL shares. Zacks Investment Research lowered shares of PPL from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Desjardins reiterated an “average” rating and set a $52.00 price target on shares of PPL in a research note on Monday. ValuEngine upgraded shares of PPL from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Wells Fargo & Co lifted their price target on shares of PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.33.

In other news, Chairman Paul W. Thompson sold 4,573 shares of PPL stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $28.25, for a total value of $129,187.25. Following the sale, the chairman now owns 7,419 shares of the company’s stock, valued at $209,586.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joanne H. Raphael sold 22,410 shares of PPL stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $31.00, for a total transaction of $694,710.00. Following the completion of the sale, the senior vice president now directly owns 39,209 shares in the company, valued at approximately $1,215,479. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,556 shares of company stock worth $953,085. Insiders own 0.38% of the company’s stock.

NYSE PPL traded down $0.10 during trading on Friday, reaching $29.47. The company’s stock had a trading volume of 100,602 shares, compared to its average volume of 6,141,791. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.51 and a current ratio of 0.58. The firm has a market cap of $21.09 billion, a PE ratio of 13.09, a P/E/G ratio of 2.40 and a beta of 0.46. PPL Corp has a twelve month low of $25.30 and a twelve month high of $32.46.

PPL (NYSE:PPL) last posted its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.98 billion. PPL had a net margin of 19.17% and a return on equity of 15.23%. PPL’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. Research analysts predict that PPL Corp will post 2.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Friday, December 7th. PPL’s payout ratio is 72.89%.

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About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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