PPL Co. (PPL) Holdings Reduced by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in PPL Co. (NYSE:PPL) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,300 shares of the utilities provider’s stock after selling 99,300 shares during the quarter. Sterling Capital Management LLC’s holdings in PPL were worth $4,157,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of PPL by 10.4% in the 3rd quarter. Pacer Advisors Inc. now owns 16,202 shares of the utilities provider’s stock valued at $615,000 after purchasing an additional 1,528 shares in the last quarter. Girard Partners LTD. raised its stake in shares of PPL by 6.3% in the 4th quarter. Girard Partners LTD. now owns 28,108 shares of the utilities provider’s stock valued at $870,000 after purchasing an additional 1,674 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of PPL by 42.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 1,687 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of PPL by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 56,597 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of PPL by 3.1% in the 4th quarter. Raymond James Trust N.A. now owns 59,327 shares of the utilities provider’s stock valued at $1,836,000 after purchasing an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

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PPL Co. (NYSE PPL) opened at $27.32 on Friday. PPL Co. has a 1 year low of $27.12 and a 1 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 company has a market cap of $18,892.04, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.96 and a beta of 0.54.

PPL (NYSE:PPL) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, topping the 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 firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. PPL’s quarterly revenue was up 5.1% on a year-over-year basis. sell-side analysts forecast that PPL Co. will post 2.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a $0.41 dividend. The ex-dividend date 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 dividend yield of 6.00%. PPL’s dividend payout ratio (DPR) is 100.00%.

A number of brokerages have recently issued reports on PPL. SunTrust Banks set a $37.00 target price 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 target price 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 increased their price objective for the stock from $28.32 to $33.00 in a research note on Tuesday, March 6th. Finally, Guggenheim reiterated a “hold” rating and set a $32.00 price objective 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 assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.50.

In other news, SVP Joanne H. Raphael sold 5,045 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $159,422.00. Following the completion of the transaction, the senior vice president now directly owns 24,080 shares in the company, valued at $760,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory N. Dudkin sold 9,320 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the transaction, the insider now owns 25,940 shares of the company’s stock, valued at $821,519.80. 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 quarter. Insiders own 0.40% of the company’s stock.

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PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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