PPL Corp (PPL) Stake Decreased by Dean Capital Investments Management LLC

Dean Capital Investments Management LLC cut its stake in shares of PPL Corp (NYSE:PPL) by 25.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,971 shares of the utilities provider’s stock after selling 4,657 shares during the quarter. Dean Capital Investments Management LLC’s holdings in PPL were worth $409,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in shares of PPL during the second quarter worth $3,369,000. Janney Montgomery Scott LLC lifted its position in shares of PPL by 5.2% during the second quarter. Janney Montgomery Scott LLC now owns 476,433 shares of the utilities provider’s stock worth $13,602,000 after acquiring an additional 23,576 shares in the last quarter. Wetherby Asset Management Inc. purchased a new stake in shares of PPL during the second quarter worth $235,000. Meritage Portfolio Management lifted its position in shares of PPL by 74.9% during the second quarter. Meritage Portfolio Management now owns 133,585 shares of the utilities provider’s stock worth $3,814,000 after acquiring an additional 57,190 shares in the last quarter. Finally, Northpointe Capital LLC purchased a new stake in shares of PPL during the second quarter worth $3,025,000. 78.35% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on PPL shares. ValuEngine upgraded PPL from a “sell” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank downgraded PPL from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Wells Fargo & Co increased their price objective on PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Citigroup assumed coverage on PPL in a research report on Thursday, August 23rd. They issued a “neutral” rating and a $30.00 price objective on the stock. Finally, Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.18.

Shares of PPL stock opened at $30.84 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. PPL Corp has a 52-week low of $25.30 and a 52-week high of $36.99. The firm has a market capitalization of $22.07 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 2.62 and a beta of 0.40.

PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that PPL Corp will post 2.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.64 dividend on an annualized basis and a yield of 5.32%. PPL’s dividend payout ratio is presently 72.89%.

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PPL 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.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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