PPL Co. (NYSE:PPL) Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of PPL Co. (NYSE:PPLFree Report) by 92.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,100 shares of the utilities provider’s stock after purchasing an additional 46,092 shares during the period. Tower Research Capital LLC TRC’s holdings in PPL were worth $2,604,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Rafferty Asset Management LLC increased its holdings in shares of PPL by 9.5% during the fourth quarter. Rafferty Asset Management LLC now owns 82,243 shares of the utilities provider’s stock valued at $2,229,000 after purchasing an additional 7,127 shares during the period. NEOS Investment Management LLC acquired a new position in PPL during the fourth quarter worth about $284,000. Prevail Innovative Wealth Advisors LLC grew its holdings in PPL by 11.9% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 71,521 shares of the utilities provider’s stock worth $1,938,000 after acquiring an additional 7,602 shares during the period. Steward Partners Investment Solutions LLC acquired a new position in PPL during the fourth quarter worth about $399,000. Finally, Catalytic Wealth RIA LLC acquired a new position in PPL during the fourth quarter worth about $401,000. 76.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PPL shares. Barclays lifted their target price on PPL from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Morgan Stanley lifted their target price on PPL from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. StockNews.com raised PPL from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Royal Bank of Canada increased their price target on PPL from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Argus upgraded PPL from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.45.

View Our Latest Stock Report on PPL

PPL Trading Down 1.0 %

Shares of NYSE PPL opened at $28.41 on Friday. PPL Co. has a one year low of $22.20 and a one year high of $29.89. The firm has a market capitalization of $20.96 billion, a PE ratio of 27.58, a PEG ratio of 2.44 and a beta of 0.82. 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 $28.08 and a two-hundred day moving average price of $27.13.

PPL (NYSE:PPLGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. PPL had a return on equity of 8.80% and a net margin of 9.29%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the company posted $0.48 EPS. The business’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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be issued a dividend of $0.2575 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.03 annualized dividend and a dividend yield of 3.63%. PPL’s dividend payout ratio is 100.00%.

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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