QS Investors LLC raised its stake in PPL Corp (NYSE:PPL) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,809 shares of the utilities provider’s stock after acquiring an additional 38,824 shares during the quarter. QS Investors LLC’s holdings in PPL were worth $9,681,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPL. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of PPL by 37.9% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,865,118 shares of the utilities provider’s stock valued at $429,125,000 after buying an additional 3,808,000 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of PPL by 1,448.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,088,700 shares of the utilities provider’s stock valued at $95,595,000 after buying an additional 2,889,200 shares in the last quarter. Boston Partners purchased a new stake in shares of PPL during the 4th quarter valued at approximately $81,658,000. Bank of Montreal Can lifted its stake in shares of PPL by 41.9% during the 4th quarter. Bank of Montreal Can now owns 2,654,343 shares of the utilities provider’s stock valued at $82,152,000 after buying an additional 783,951 shares in the last quarter. Finally, Virtus Fund Advisers LLC lifted its stake in shares of PPL by 52.9% during the 4th quarter. Virtus Fund Advisers LLC now owns 2,175,000 shares of the utilities provider’s stock valued at $68,006,000 after buying an additional 752,400 shares in the last quarter. Hedge funds and other institutional investors own 71.50% of the company’s stock.
A number of analysts recently commented on the stock. SunTrust Banks set a $37.00 price target on shares of PPL and gave the company a “buy” rating in a research note on Monday, February 12th. ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, December 12th. Royal Bank of Canada upgraded shares of PPL from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $28.32 to $33.00 in a research note on Tuesday, March 6th. Finally, Guggenheim restated a “hold” rating and set a $32.00 price target on shares of PPL in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.50.
Shares of PPL Corp (NYSE:PPL) opened at $27.54 on Monday. PPL Corp has a 52 week low of $27.12 and a 52 week high of $40.20. The company has a quick ratio of 0.49, a current ratio of 0.57 and a debt-to-equity ratio of 1.84. The stock has a market cap of $19,114.13, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.
PPL (NYSE:PPL) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. PPL had a net margin of 15.15% and a return on equity of 14.75%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts anticipate that PPL Corp will post 2.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from PPL’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 5.95%. PPL’s dividend payout ratio is currently 100.00%.
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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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