Roffman Miller Associates Inc. PA Raises Stock Holdings in PPL Corporation $PPL

Roffman Miller Associates Inc. PA grew its stake in shares of PPL Corporation (NYSE:PPL) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,908 shares of the utilities provider’s stock after acquiring an additional 32,945 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in PPL were worth $10,130,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its position in PPL by 94.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 397 shares during the period. Ancora Advisors LLC raised its stake in PPL by 8,350.0% during the 1st quarter. Ancora Advisors LLC now owns 845 shares of the utilities provider’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. TruNorth Capital Management LLC bought a new position in shares of PPL during the 1st quarter valued at $32,000. Truvestments Capital LLC boosted its stake in shares of PPL by 5,352.9% in the 1st quarter. Truvestments Capital LLC now owns 927 shares of the utilities provider’s stock worth $33,000 after buying an additional 910 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of PPL by 97,800.0% in the first quarter. AlphaQuest LLC now owns 979 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 978 shares during the period. 76.99% of the stock is currently owned by institutional investors.

PPL Trading Down 0.3%

PPL stock opened at $36.40 on Tuesday. The firm has a 50 day moving average of $36.66 and a 200 day moving average of $35.69. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 2.74 and a beta of 0.66. PPL Corporation has a 12-month low of $31.22 and a 12-month high of $38.26. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 1.07.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%. PPL’s dividend payout ratio is 81.34%.

Wall Street Analysts Forecast Growth

PPL has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on PPL in a report on Monday, October 27th. They issued an “overweight” rating and a $43.00 target price on the stock. Barclays upped their price target on shares of PPL from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 14th. Morgan Stanley reissued an “overweight” rating and issued a $41.00 price objective on shares of PPL in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PPL in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price target on shares of PPL from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, PPL presently has a consensus rating of “Buy” and a consensus target price of $40.73.

PPL Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.