Public Employees Retirement Association of Colorado Raises Position in PPL Co. (NYSE:PPL)

Public Employees Retirement Association of Colorado increased its holdings in PPL Co. (NYSE:PPLFree Report) by 1,642.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,620 shares of the utilities provider’s stock after purchasing an additional 61,853 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PPL were worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in PPL by 92.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 96,100 shares of the utilities provider’s stock valued at $2,604,000 after buying an additional 46,092 shares during the period. Rafferty Asset Management LLC raised its stake in PPL by 9.5% during the fourth quarter. Rafferty Asset Management LLC now owns 82,243 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 7,127 shares during the period. NEOS Investment Management LLC acquired a new position in shares of PPL in the 4th quarter valued at $284,000. Prevail Innovative Wealth Advisors LLC grew its stake in shares of PPL by 11.9% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 71,521 shares of the utilities provider’s stock valued at $1,938,000 after buying an additional 7,602 shares during the period. Finally, Steward Partners Investment Solutions LLC acquired a new stake in shares of PPL during the 4th quarter worth $399,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.

PPL Price Performance

Shares of PPL stock opened at $28.41 on Monday. PPL Co. has a twelve month low of $22.20 and a twelve month high of $29.89. The company has a market capitalization of $20.96 billion, a PE ratio of 27.58, a price-to-earnings-growth 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 firm has a fifty day simple moving average of $28.08 and a 200-day simple moving average of $27.13.

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

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Monday, June 10th. PPL’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

PPL has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on PPL from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. TheStreet lowered PPL from a “b-” rating to a “c” rating in a research note on Friday, February 16th. StockNews.com raised shares of PPL from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Morgan Stanley lifted their price target on shares of PPL from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Mizuho increased their price objective on shares of PPL from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.45.

Get Our Latest Report on PPL

PPL Profile

(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.

See Also

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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