PPL Co. (NYSE:PPL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in PPL Co. (NYSE:PPLFree Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,032,333 shares of the utilities provider’s stock after selling 34,016 shares during the quarter. California State Teachers Retirement System owned about 0.14% of PPL worth $27,976,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC boosted its holdings in shares of PPL by 13,891.2% in the third quarter. Lazard Asset Management LLC now owns 11,724,495 shares of the utilities provider’s stock valued at $276,229,000 after acquiring an additional 11,640,696 shares in the last quarter. Norges Bank acquired a new position in shares of PPL during the 4th quarter valued at $115,605,000. Clearbridge Investments LLC raised its stake in shares of PPL by 239.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,128,744 shares of the utilities provider’s stock worth $84,789,000 after buying an additional 2,208,081 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of PPL by 83.5% in the fourth quarter. California Public Employees Retirement System now owns 4,269,687 shares of the utilities provider’s stock valued at $115,709,000 after buying an additional 1,943,282 shares during the period. Finally, FMR LLC boosted its stake in PPL by 13.4% during the third quarter. FMR LLC now owns 14,390,818 shares of the utilities provider’s stock valued at $339,048,000 after buying an additional 1,695,726 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Trading Down 1.3 %

Shares of NYSE PPL opened at $28.94 on Thursday. The firm has a market capitalization of $21.35 billion, a PE ratio of 28.09, a PEG ratio of 2.51 and a beta of 0.82. PPL Co. has a one year low of $22.20 and a one year high of $29.89. The company has a current ratio of 1.28, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $28.04 and a two-hundred day moving average price of $27.09.

PPL (NYSE:PPLGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. PPL had a net margin of 9.29% and a return on equity of 8.80%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, analysts predict that PPL Co. will post 1.71 earnings per share for the current fiscal year.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a dividend of $0.2575 per share. The ex-dividend date is Monday, June 10th. This represents a $1.03 annualized dividend and a dividend yield of 3.56%. PPL’s dividend payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

PPL has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of PPL from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Morgan Stanley raised their target price on shares of PPL from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Royal Bank of Canada lifted their price target on shares of PPL from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. TheStreet downgraded PPL from a “b-” rating to a “c” rating in a research report on Friday, February 16th. Finally, Argus upgraded PPL from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.45.

View Our Latest Stock Report on PPL

About PPL

(Free Report)

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.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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