PPL Co. (NYSE:PPL) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in shares of PPL Co. (NYSE:PPL) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,712 shares of the utilities provider’s stock after purchasing an additional 672 shares during the period. Kingsview Wealth Management LLC’s holdings in PPL were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PPL. Wedge Capital Management L L P NC raised its holdings in shares of PPL by 8.7% during the second quarter. Wedge Capital Management L L P NC now owns 496,165 shares of the utilities provider’s stock valued at $13,719,000 after acquiring an additional 39,513 shares during the last quarter. Jennison Associates LLC raised its stake in PPL by 2.3% in the 3rd quarter. Jennison Associates LLC now owns 4,260,426 shares of the utilities provider’s stock valued at $140,935,000 after purchasing an additional 96,491 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in PPL by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,067,018 shares of the utilities provider’s stock valued at $57,153,000 after purchasing an additional 188,160 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in PPL by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,407 shares of the utilities provider’s stock worth $215,430,000 after purchasing an additional 55,594 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in PPL by 30.5% during the 3rd quarter. Atria Investments Inc now owns 67,393 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 15,761 shares during the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider John R. Crockett III sold 9,161 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $34.35, for a total transaction of $314,680.35. Following the sale, the insider now directly owns 12,434 shares of the company’s stock, valued at $427,107.90. This represents a 42.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by corporate insiders.

PPL Trading Up 1.3 %

NYSE PPL opened at $34.84 on Wednesday. PPL Co. has a 12 month low of $25.35 and a 12 month high of $35.00. The stock has a market capitalization of $25.71 billion, a P/E ratio of 31.11, a PEG ratio of 2.97 and a beta of 0.81. The firm’s 50-day moving average is $32.83 and its two-hundred day moving average is $30.76. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.29 and a quick ratio of 1.07.

PPL (NYSE:PPL) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.10 billion. PPL had a net margin of 9.95% and a return on equity of 9.20%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. On average, sell-side analysts anticipate that PPL Co. will post 1.72 earnings per share for the current year.

PPL Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a $0.2575 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.03 annualized dividend and a dividend yield of 2.96%. PPL’s dividend payout ratio is presently 91.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted 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. Barclays increased their price target on PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. 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 objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on PPL in a report on Friday, October 25th. They set an “overweight” rating and a $37.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PPL presently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

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.