Dakota Wealth Management Makes New $217,000 Investment in PPL Co. (NYSE:PPL)

Dakota Wealth Management purchased a new stake in PPL Co. (NYSE:PPL) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,693 shares of the utilities provider’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Great Valley Advisor Group Inc. raised its position in shares of PPL by 1.7% during the third quarter. Great Valley Advisor Group Inc. now owns 17,696 shares of the utilities provider’s stock worth $585,000 after purchasing an additional 301 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in PPL by 2.4% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 14,848 shares of the utilities provider’s stock worth $491,000 after purchasing an additional 348 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in PPL by 3.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock worth $409,000 after buying an additional 370 shares during the period. Exchange Traded Concepts LLC lifted its stake in PPL by 1.4% during the third quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock valued at $869,000 after buying an additional 370 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its stake in PPL by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 11,678 shares of the utilities provider’s stock valued at $386,000 after buying an additional 428 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insiders Place Their Bets

In other PPL news, SVP Tadd J. Henninger sold 6,639 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $32.16, for a total transaction of $213,510.24. Following the sale, the senior vice president now directly owns 11,210 shares of the company’s stock, valued at approximately $360,513.60. This represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Crockett III sold 9,161 shares of PPL 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 completion of the transaction, the insider now owns 12,434 shares of the company’s stock, valued at $427,107.90. This trade represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PPL. BMO Capital Markets started coverage on shares of PPL in a report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on PPL in a report on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price for the company. Bank of America raised their target price on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays dropped their price target on PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Citigroup raised their price objective on PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.00.

PPL Stock Up 0.4 %

Shares of PPL stock opened at $32.88 on Monday. PPL Co. has a one year low of $25.35 and a one year high of $35.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.29 and a quick ratio of 1.07. The stock has a fifty day moving average price of $33.04 and a 200 day moving average price of $32.06. The stock has a market cap of $24.26 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.83.

PPL (NYSE:PPL) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. PPL had a net margin of 9.95% and a return on equity of 9.20%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Analysts predict that PPL Co. will post 1.72 earnings per share for the current year.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were given a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Tuesday, December 10th. PPL’s dividend payout ratio (DPR) is 91.97%.

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.