Global Retirement Partners LLC Has $405,000 Stake in PPL Co. (NYSE:PPL)

Global Retirement Partners LLC boosted its stake in PPL Co. (NYSE:PPL) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,231 shares of the utilities provider’s stock after buying an additional 504 shares during the quarter. Global Retirement Partners LLC’s holdings in PPL were worth $405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Leelyn Smith LLC boosted its stake in PPL by 0.4% in the second quarter. Leelyn Smith LLC now owns 79,887 shares of the utilities provider’s stock worth $2,209,000 after purchasing an additional 331 shares in the last quarter. TFC Financial Management Inc. boosted its stake in PPL by 15.7% in the second quarter. TFC Financial Management Inc. now owns 2,611 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 355 shares in the last quarter. Centennial Wealth Advisory LLC boosted its stake in PPL by 3.4% in the second quarter. Centennial Wealth Advisory LLC now owns 11,250 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 366 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in PPL by 3.1% in the third quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 370 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in PPL by 1.4% in the third quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock worth $869,000 after purchasing an additional 370 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on PPL shares. Morgan Stanley boosted their price objective on PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Jefferies Financial Group began coverage on PPL in a research note on Thursday, September 19th. They set a “buy” rating and a $38.00 price target on the stock. Barclays upped their price target on PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday. Bank of America upped their price target on PPL from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company upped their price target on PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PPL presently has an average rating of “Moderate Buy” and an average price target of $35.22.

PPL Trading Up 0.2 %

NYSE PPL opened at $32.73 on Tuesday. The stock has a 50-day simple moving average of $32.12 and a 200 day simple moving average of $29.70. The company has a market capitalization of $24.15 billion, a PE ratio of 31.78, a P/E/G ratio of 2.74 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.12. PPL Co. has a 12 month low of $23.36 and a 12 month high of $33.38.

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

PPL Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a $0.2575 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.03 annualized dividend and a dividend yield of 3.15%. PPL’s dividend payout ratio (DPR) is currently 100.00%.

PPL 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.