National Pension Service raised its holdings in shares of PPL Corp (NYSE:PPL) by 30.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,025,581 shares of the utilities provider’s stock after acquiring an additional 238,217 shares during the quarter. National Pension Service owned approximately 0.14% of PPL worth $31,803,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. TRUE Private Wealth Advisors acquired a new stake in shares of PPL during the 2nd quarter worth about $25,000. Thor Advisors LLC acquired a new position in PPL in the 1st quarter worth $35,000. Kavar Capital Partners LLC acquired a new position in PPL in the 2nd quarter worth $35,000. Manchester Financial Inc. acquired a new position in PPL in the 2nd quarter worth $38,000. Finally, Resources Investment Advisors Inc. lifted its holdings in PPL by 129.8% in the 1st quarter. Resources Investment Advisors Inc. now owns 1,241 shares of the utilities provider’s stock worth $39,000 after buying an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.
Shares of PPL stock traded up $0.28 during trading on Thursday, reaching $31.50. The company had a trading volume of 1,731,013 shares, compared to its average volume of 3,789,682. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 13.12 and a beta of 0.50. The firm’s fifty day moving average is $29.73 and its 200-day moving average is $30.80. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.48 and a current ratio of 0.55. PPL Corp has a fifty-two week low of $27.31 and a fifty-two week high of $32.88.
PPL (NYSE:PPL) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. PPL had a net margin of 22.97% and a return on equity of 14.57%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. On average, research analysts anticipate that PPL Corp will post 2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 5.24%. The ex-dividend date is Monday, September 9th. PPL’s dividend payout ratio is currently 68.75%.
In other PPL news, insider Philip Swift sold 3,782 shares of PPL stock in a transaction on Monday, July 15th. The shares were sold at an average price of $30.26, for a total value of $114,443.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is currently owned by insiders.
A number of equities analysts have commented on PPL shares. ValuEngine lowered shares of PPL from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Mizuho started coverage on shares of PPL in a report on Monday, June 3rd. They issued a “neutral” rating and a $30.00 price objective on the stock. Zacks Investment Research upgraded shares of PPL from a “sell” rating to a “hold” rating and set a $32.00 price objective on the stock in a report on Monday, July 22nd. Morgan Stanley set a $30.00 price objective on shares of PPL and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, Evercore ISI set a $31.00 price objective on shares of PPL and gave the stock a “hold” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.60.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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