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

PPL Co. (NYSE:PPL - Get Free Report) SVP Tadd J. Henninger sold 1,424 shares of PPL stock in a transaction on Tuesday, January 28th. The shares were 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 of the company's stock, valued at $376,951.32. This represents a 11.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PPL Stock Down 0.1 %

NYSE:PPL traded down $0.03 on Wednesday, hitting $32.81. The stock had a trading volume of 2,898,804 shares, compared to its average volume of 4,122,749. PPL Co. has a 1 year low of $25.35 and a 1 year high of $35.15. The firm's fifty day simple moving average is $33.00 and its two-hundred day simple moving average is $32.16. The stock has a market cap of $24.21 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.64 and a beta of 0.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.07 and a current ratio of 1.29.

PPL (NYSE:PPL - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 EPS 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 return on equity of 9.20% and a net margin of 9.95%. PPL's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Analysts predict that PPL Co. will post 1.72 earnings per share for the current year.

PPL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were issued a dividend of $0.2575 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.03 dividend on an annualized basis and a yield of 3.14%. PPL's dividend payout ratio (DPR) is presently 91.97%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its holdings in shares of PPL by 195.5% in the 3rd quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider's stock worth $26,000 after purchasing an additional 516 shares during the period. Kentucky Trust Co bought a new stake in shares of PPL in the fourth quarter valued at $32,000. Ashton Thomas Securities LLC purchased a new position in shares of PPL during the 3rd quarter valued at $34,000. Rosenberg Matthew Hamilton grew its stake in shares of PPL by 1,092.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider's stock worth $39,000 after acquiring an additional 1,114 shares during the period. Finally, Covestor Ltd increased its holdings in PPL by 139.2% in the 3rd quarter. Covestor Ltd now owns 1,512 shares of the utilities provider's stock worth $50,000 after acquiring an additional 880 shares during the last quarter. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PPL. JPMorgan Chase & Co. initiated coverage on shares of PPL in a report on Friday, October 25th. They set an "overweight" rating and a $37.00 price objective on the stock. BMO Capital Markets assumed coverage on PPL in a report on Wednesday, December 11th. They issued an "outperform" rating and a $36.00 price target on the stock. Bank of America boosted their price objective on PPL from $34.00 to $35.00 and gave the company a "buy" rating in a report on Monday, November 4th. Barclays cut their target price on PPL from $34.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, Citigroup upped their price objective on shares of PPL from $31.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

About PPL

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.

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