PPL Co. (NYSE:PPL) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in PPL Co. (NYSE:PPL) by 41.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 62,968 shares of the utilities provider’s stock after buying an additional 18,308 shares during the quarter. Intech Investment Management LLC’s holdings in PPL were worth $1,741,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. acquired a new position in shares of PPL during the fourth quarter valued at $216,000. EverSource Wealth Advisors LLC lifted its stake in shares of PPL by 46.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 480 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings 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 valued at $5,388,000 after acquiring an additional 8,727 shares in the last quarter. Hsbc Holdings PLC raised its holdings in PPL by 74.4% during the fourth quarter. Hsbc Holdings PLC now owns 2,409,628 shares of the utilities provider’s stock worth $65,161,000 after purchasing an additional 1,027,720 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in PPL by 32.0% during the 4th quarter. Parallel Advisors LLC now owns 4,673 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 1,132 shares in the last quarter. Institutional investors own 76.99% of the company’s stock.

PPL Price Performance

NYSE PPL opened at $32.84 on Tuesday. The company has a 50 day simple moving average of $30.99 and a 200-day simple moving average of $28.95. PPL Co. has a 52-week low of $22.20 and a 52-week high of $32.92. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.11 and a quick ratio of 0.91.

PPL (NYSE:PPL) last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.92 billion. PPL had a net margin of 10.17% and a return on equity of 9.26%. PPL’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Equities research analysts predict that PPL Co. will post 1.72 earnings per share for the current fiscal year.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, September 10th. PPL’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on PPL from $35.00 to $37.00 and gave the stock an “overweight” rating in a 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 stock a “buy” rating in a research report on Thursday, August 29th. Jefferies Financial Group began coverage on PPL in a research report on Thursday, September 19th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Morgan Stanley lifted their target price on PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, PPL presently has an average rating of “Moderate Buy” and an average price target of $33.75.

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.