Moody National Bank Trust Division maintained its position in shares of PPL Corp (NYSE:PPL) during the first quarter, Holdings Channel reports. The institutional investor owned 13,350 shares of the utilities provider’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in PPL Corp were worth $499,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Tompkins Financial Corp boosted its position in shares of PPL Corp by 114.3% in the first quarter. Tompkins Financial Corp now owns 3,000 shares of the utilities provider’s stock valued at $114,000 after buying an additional 1,600 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of PPL Corp during the fourth quarter valued at approximately $117,000. Parallel Advisors LLC acquired a new position in shares of PPL Corp during the fourth quarter valued at approximately $136,000. SRS Capital Advisors Inc. acquired a new position in shares of PPL Corp during the fourth quarter valued at approximately $150,000. Finally, People s United Financial Inc. boosted its position in shares of PPL Corp by 100.0% in the third quarter. People s United Financial Inc. now owns 4,455 shares of the utilities provider’s stock valued at $154,000 after buying an additional 2,227 shares in the last quarter. 71.29% of the stock is owned by institutional investors.
PPL Corp (NYSE:PPL) traded up 0.516% during midday trading on Friday, hitting $37.995. 1,884,704 shares of the stock traded hands. The company’s 50-day moving average is $37.19 and its 200-day moving average is $34.92. PPL Corp has a one year low of $32.08 and a one year high of $39.92. The company has a market cap of $25.86 billion, a PE ratio of 13.618 and a beta of 0.45.
PPL Corp (NYSE:PPL) last posted its quarterly earnings results on Wednesday, February 1st. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. PPL Corp had a net margin of 25.30% and a return on equity of 16.76%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts expect that PPL Corp will post $2.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were given a $0.395 dividend. This is an increase from PPL Corp’s previous quarterly dividend of $0.38. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, March 8th. PPL Corp’s dividend payout ratio (DPR) is presently 54.48%.
Several equities analysts have commented on the stock. Deutsche Bank AG raised their price target on shares of PPL Corp from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Barclays PLC set a $37.00 price target on shares of PPL Corp and gave the company a “hold” rating in a research report on Friday, January 20th. Royal Bank of Canada reissued a “hold” rating and issued a $37.00 price target on shares of PPL Corp in a research report on Wednesday, January 4th. Zacks Investment Research cut shares of PPL Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. Finally, Jefferies Group LLC raised their price target on shares of PPL Corp from $35.00 to $36.50 and gave the company a “hold” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $37.45.
In other news, insider Robert A. Symons sold 12,703 shares of the firm’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $37.60, for a total value of $477,632.80. Following the transaction, the insider now directly owns 1 shares in the company, valued at approximately $37.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman William H. Spence sold 67,533 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $34.57, for a total transaction of $2,334,615.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,521 shares of company stock worth $5,621,198. Insiders own 0.42% of the company’s stock.
About PPL Corp
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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