Rodgers Brothers Inc. boosted its holdings in shares of PPL Corp (NYSE:PPL) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,443 shares of the utilities provider’s stock after acquiring an additional 2,119 shares during the quarter. Rodgers Brothers Inc.’s holdings in PPL were worth $571,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Cutler Capital Management LLC acquired a new stake in PPL during the third quarter worth $114,000. Taylor Hoffman Wealth Management acquired a new stake in PPL during the fourth quarter worth $124,000. Cerebellum GP LLC acquired a new stake in PPL during the fourth quarter worth $128,000. Crewe Advisors LLC acquired a new stake in PPL during the fourth quarter worth $133,000. Finally, Calton & Associates Inc. acquired a new stake in PPL during the fourth quarter worth $156,000. 71.50% of the stock is owned by institutional investors.
In other news, SVP Joanne H. Raphael sold 2,205 shares of PPL stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $29.19, for a total value of $64,363.95. Following the completion of the sale, the senior vice president now directly owns 16,799 shares of the company’s stock, valued at $490,362.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Victor A. Staffieri sold 19,524 shares of PPL stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $616,958.40. Following the completion of the sale, the chairman now directly owns 29,084 shares of the company’s stock, valued at $919,054.40. The disclosure for this sale can be found here. Insiders sold 52,978 shares of company stock valued at $1,652,939 over the last ninety days. Insiders own 0.40% of the company’s stock.
Shares of PPL Corp (NYSE:PPL) opened at $27.80 on Wednesday. PPL Corp has a one year low of $27.12 and a one year 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 firm has a market capitalization of $19,357.05, a price-to-earnings ratio of 16.93, a PEG ratio of 2.01 and a beta of 0.54.
PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. sell-side analysts predict that PPL Corp will post 2.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.90%. PPL’s payout ratio is presently 100.00%.
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PPL Company Profile
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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