Pensionfund DSM Netherlands Grows Stock Holdings in PPL Co. (NYSE:PPL)

Pensionfund DSM Netherlands boosted its holdings in PPL Co. (NYSE:PPL) by 25.0% in the first quarter, Holdings Channel reports. The institutional investor owned 100,000 shares of the utilities provider’s stock after acquiring an additional 20,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in PPL were worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bard Financial Services Inc. purchased a new position in PPL in the 4th quarter valued at approximately $225,000. TRU Independence Asset Management 2 LLC purchased a new position in PPL in the 4th quarter valued at approximately $56,000. Encompass Wealth Advisors LLC purchased a new position in PPL in the 4th quarter valued at approximately $56,000. Alliance Wealth Advisors LLC purchased a new position in PPL in the 4th quarter valued at approximately $1,277,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in PPL in the 4th quarter valued at approximately $382,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

NYSE PPL opened at $29.00 on Thursday. PPL Co. has a 52-week low of $23.71 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.43 and a current ratio of 0.50. The company has a market capitalization of $22.30 billion, a P/E ratio of 14.36 and a beta of 0.72. The company has a fifty day moving average of $28.15 and a 200-day moving average of $28.11.

PPL (NYSE:PPL) last posted its quarterly earnings data on Wednesday, February 17th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). PPL had a return on equity of 13.76% and a net margin of 21.93%. The company had revenue of $1.93 billion for the quarter. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, analysts forecast that PPL Co. will post 2.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Wednesday, March 10th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Tuesday, March 9th. PPL’s dividend payout ratio is currently 67.76%.

A number of research firms recently weighed in on PPL. BMO Capital Markets lowered shares of PPL to a “market perform” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Tuesday, December 15th. Stifel Nicolaus downgraded shares of PPL to a “market perform” rating and cut their price target for the company from $36.00 to $34.00 in a report on Tuesday, December 15th. Mizuho raised their price target on shares of PPL from $29.50 to $30.00 in a report on Friday, March 19th. Wolfe Research reissued a “peer perform” rating and issued a $29.00 price target on shares of PPL in a report on Monday, March 15th. Finally, Morgan Stanley cut their price target on shares of PPL from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Tuesday, December 15th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.18.

In other PPL news, EVP Joanne H. Raphael sold 4,589 shares of the business’s stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $28.12, for a total value of $129,042.68. Following the completion of the sale, the executive vice president now directly owns 53,313 shares of the company’s stock, valued at $1,499,161.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Sorgi sold 26,561 shares of the business’s stock in a transaction on Monday, January 25th. The stock was sold at an average price of $27.64, for a total transaction of $734,146.04. Following the completion of the sale, the chief executive officer now directly owns 53,983 shares of the company’s stock, valued at $1,492,090.12. The disclosure for this sale can be found here. Insiders sold 35,897 shares of company stock valued at $996,674 over the last three months. 0.20% of the stock is currently owned by insiders.

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 through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 418,000 electric and 329,000 natural gas customers in Louisville and adjacent areas in Kentucky; 530,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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