PPL Co. (NYSE:PPL) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 22,916,680 shares, an increase of 25.5% from the February 28th total of 18,260,672 shares. Based on an average trading volume of 7,753,806 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.3% of the shares of the stock are short sold.
In other PPL news, insider Gregory N. Dudkin sold 2,378 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $29.19, for a total value of $69,413.82. Following the sale, the insider now directly owns 23,562 shares in the company, valued at $687,774.78. The sale was disclosed in a document filed with the SEC, 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 transaction of $295,164.40. Following the completion of the sale, the insider now owns 25,940 shares in the company, valued at $821,519.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,978 shares of company stock worth $1,652,939. 0.40% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of PPL by 5.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 260,868 shares of the utilities provider’s stock valued at $8,074,000 after purchasing an additional 14,288 shares during the period. OLD Republic International Corp increased its holdings in shares of PPL by 25.7% in the 4th quarter. OLD Republic International Corp now owns 1,061,000 shares of the utilities provider’s stock valued at $32,838,000 after purchasing an additional 217,000 shares during the period. Sawtooth Solutions LLC increased its holdings in shares of PPL by 346.7% in the 4th quarter. Sawtooth Solutions LLC now owns 53,809 shares of the utilities provider’s stock valued at $1,665,000 after purchasing an additional 41,764 shares during the period. Schafer Cullen Capital Management Inc. increased its holdings in shares of PPL by 13.2% in the 4th quarter. Schafer Cullen Capital Management Inc. now owns 677,990 shares of the utilities provider’s stock valued at $20,984,000 after purchasing an additional 78,971 shares during the period. Finally, Cullen Capital Management LLC increased its holdings in shares of PPL by 47.2% in the 4th quarter. Cullen Capital Management LLC now owns 150,040 shares of the utilities provider’s stock valued at $4,644,000 after purchasing an additional 48,140 shares during the period. Institutional investors own 71.46% of the company’s stock.
NYSE PPL opened at $28.29 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.49 and a current ratio of 0.57. The stock has a market cap of $19,634.67, a price-to-earnings ratio of 12.57, a P/E/G ratio of 2.03 and a beta of 0.54. PPL has a 1 year low of $27.08 and a 1 year high of $40.20.
PPL (NYSE:PPL) last posted its quarterly earnings data 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. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.03 billion. PPL had a return on equity of 14.75% and a net margin of 15.15%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. sell-side analysts expect that PPL will post 2.32 earnings per share for the current year.
The firm also recently announced 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. This is an increase from PPL’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 8th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.80%. PPL’s dividend payout ratio is currently 72.89%.
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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.
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