PPL Co. (NYSE:PPL) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its position in shares of PPL Co. (NYSE:PPL) by 31.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,473 shares of the utilities provider’s stock after purchasing an additional 2,982 shares during the quarter. Blair William & Co. IL’s holdings in PPL were worth $345,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its position in shares of PPL by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 198,807 shares of the utilities provider’s stock worth $5,388,000 after acquiring an additional 8,727 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of PPL by 32.0% in the fourth quarter. Parallel Advisors LLC now owns 4,673 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 1,132 shares during the last quarter. TD Asset Management Inc boosted its position in shares of PPL by 4.4% in the fourth quarter. TD Asset Management Inc now owns 249,927 shares of the utilities provider’s stock worth $6,773,000 after acquiring an additional 10,593 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of PPL by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 327,513 shares of the utilities provider’s stock worth $8,876,000 after acquiring an additional 3,200 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its position in shares of PPL by 1,401,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 14,018 shares of the utilities provider’s stock worth $380,000 after acquiring an additional 14,017 shares during the last quarter. 76.99% of the stock is owned by institutional investors and hedge funds.

PPL Trading Down 0.4 %

PPL opened at $32.60 on Friday. The firm has a market capitalization of $24.05 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.80 and a beta of 0.82. The firm’s 50 day moving average is $31.16 and its 200-day moving average is $29.01. PPL Co. has a 52-week low of $22.20 and a 52-week high of $33.01. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.12.

PPL (NYSE:PPL) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.92 billion. PPL had a net margin of 10.17% and a return on equity of 9.26%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Analysts expect that PPL Co. will post 1.72 EPS for the current fiscal year.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.2575 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.16%. PPL’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PPL. Wells Fargo & Company raised their target price on shares of PPL from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America lifted their price target on shares of PPL from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Jefferies Financial Group started coverage on shares of PPL in a research report on Thursday, September 19th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, PPL presently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

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.