Advisor Group Inc. lifted its position in PPL Corp (NYSE:PPL) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,626 shares of the utilities provider’s stock after acquiring an additional 3,588 shares during the quarter. Advisor Group Inc.’s holdings in PPL were worth $3,982,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings in shares of PPL by 10.4% in the third quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock valued at $615,000 after acquiring an additional 1,528 shares in the last quarter. Girard Partners LTD. raised its holdings in shares of PPL by 6.3% in the fourth quarter. Girard Partners LTD. now owns 28,108 shares of the utilities provider’s stock valued at $870,000 after acquiring an additional 1,674 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of PPL by 42.1% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 1,687 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in PPL by 3.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 56,597 shares of the utilities provider’s stock worth $1,752,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in PPL by 3.1% in the fourth quarter. Raymond James Trust N.A. now owns 59,327 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 71.50% of the company’s stock.
In other news, Chairman Victor A. Staffieri sold 19,524 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total transaction of $616,958.40. Following the sale, the chairman now owns 29,084 shares in the company, valued at $919,054.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory N. Dudkin sold 9,320 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $31.67, for a total value of $295,164.40. Following the sale, the insider now owns 25,940 shares in the company, valued at approximately $821,519.80. The disclosure for this sale can be found here. Insiders have sold 52,978 shares of company stock worth $1,652,939 in the last 90 days. Insiders own 0.40% of the company’s stock.
Shares of PPL Corp (NYSE:PPL) opened at $27.89 on Tuesday. PPL Corp has a 52 week low of $27.12 and a 52 week high of $40.20. The firm has a market capitalization of $19,360.00, a PE ratio of 13.22, a PEG ratio of 1.98 and a beta of 0.54. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 1.84.
PPL (NYSE:PPL) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. PPL had a return on equity of 14.75% and a net margin of 15.15%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. research analysts forecast that PPL Corp will post 2.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.41 per share. This is a positive change from PPL’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.88%. PPL’s payout ratio is presently 77.73%.
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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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