PPL Co. (NYSE:PPL) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP decreased its holdings in PPL Co. (NYSE:PPL - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,350 shares of the utilities provider's stock after selling 249,433 shares during the quarter. PPL comprises 1.2% of Greenland Capital Management LP's investment portfolio, making the stock its 21st largest holding. Greenland Capital Management LP's holdings in PPL were worth $7,542,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PPL. Summit Securities Group LLC purchased a new position in shares of PPL in the 4th quarter valued at approximately $26,000. Kentucky Trust Co acquired a new stake in shares of PPL during the fourth quarter worth $32,000. Lee Danner & Bass Inc. acquired a new stake in shares of PPL during the fourth quarter worth $32,000. Rosenberg Matthew Hamilton grew its position in PPL by 1,092.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider's stock valued at $39,000 after buying an additional 1,114 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in PPL by 84.5% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the utilities provider's stock valued at $41,000 after buying an additional 579 shares during the period. Institutional investors and hedge funds own 76.99% of the company's stock.

Insider Activity at PPL

In related news, SVP Tadd J. Henninger sold 1,424 shares of PPL 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christine M. Martin sold 1,146 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $34.78, for a total transaction of $39,857.88. Following the sale, the insider now directly owns 37,167 shares in the company, valued at $1,292,668.26. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,140 shares of company stock valued at $173,005. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PPL has been the subject of several recent analyst reports. Barclays raised their target price on shares of PPL from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 25th. Morgan Stanley raised their price objective on shares of PPL from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Citigroup upgraded PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. UBS Group raised their price target on PPL from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Jefferies Financial Group dropped their price objective on PPL from $39.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.70.

PPL Price Performance

PPL traded up $0.55 during trading on Friday, reaching $34.75. 4,405,211 shares of the stock were exchanged, compared to its average volume of 4,817,597. PPL Co. has a 1 year low of $25.93 and a 1 year high of $36.64. The company has a market capitalization of $25.68 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 2.77 and a beta of 0.65. The business's 50 day moving average price is $34.59 and its two-hundred day moving average price is $33.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.86 and a quick ratio of 0.71.

PPL (NYSE:PPL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.09 billion. PPL had a return on equity of 8.88% and a net margin of 10.49%. As a group, equities research analysts anticipate that PPL Co. will post 1.83 earnings per share for the current year.

PPL Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.2725 per share. This is an increase from PPL's previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, March 10th. PPL's payout ratio is currently 90.08%.

PPL Company Profile

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.