Tadd J. Henninger Sells 1,424 Shares of PPL Co. (NYSE:PPL) Stock

PPL Co. (NYSE:PPLGet Free Report) SVP Tadd J. Henninger sold 1,424 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $47,675.52. Following the transaction, the senior vice president now owns 11,259 shares in the company, valued at approximately $376,951.32. This trade represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PPL Stock Performance

PPL stock opened at $33.48 on Friday. The firm’s 50 day simple moving average is $32.97 and its 200 day simple moving average is $32.17. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $24.70 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.83. PPL Co. has a 1-year low of $25.35 and a 1-year high of $35.15.

PPL (NYSE:PPLGet Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.10 billion. PPL had a net margin of 9.95% and a return on equity of 9.20%. PPL’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, analysts expect that PPL Co. will post 1.72 earnings per share for the current fiscal year.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s payout ratio is 91.96%.

Hedge Funds Weigh In On PPL

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of PPL by 5.0% in the 3rd quarter. State Street Corp now owns 36,459,099 shares of the utilities provider’s stock worth $1,215,363,000 after buying an additional 1,720,941 shares during the last quarter. Wellington Management Group LLP grew its holdings in PPL by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 35,089,490 shares of the utilities provider’s stock worth $1,160,760,000 after acquiring an additional 2,050,122 shares during the last quarter. Franklin Resources Inc. raised its holdings in PPL by 12.0% in the third quarter. Franklin Resources Inc. now owns 34,758,947 shares of the utilities provider’s stock worth $1,115,824,000 after buying an additional 3,731,412 shares during the last quarter. Geode Capital Management LLC raised its holdings in PPL by 1.2% in the third quarter. Geode Capital Management LLC now owns 17,177,883 shares of the utilities provider’s stock worth $566,275,000 after buying an additional 201,417 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in PPL by 0.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,407 shares of the utilities provider’s stock worth $215,430,000 after buying an additional 55,594 shares during the last quarter. Institutional investors own 76.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PPL. Jefferies Financial Group dropped their target price on shares of PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Bank of America boosted their target price on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. began coverage on shares of PPL in a research note on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Barclays dropped their target price on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Citigroup boosted their target price on shares of PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, PPL has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Read Our Latest Research Report on PPL

About PPL

(Get Free Report)

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.

See Also

Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.