Corient Private Wealth LLC Has $8.91 Million Stock Position in PPL Co. (NYSE:PPL)

Corient Private Wealth LLC lessened its holdings in PPL Co. (NYSE:PPL) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 274,462 shares of the utilities provider’s stock after selling 21,066 shares during the quarter. Corient Private Wealth LLC’s holdings in PPL were worth $8,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kentucky Trust Co bought a new stake in shares of PPL during the 4th quarter worth $32,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PPL by 1,092.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,114 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of PPL by 84.5% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 579 shares in the last quarter. Newton One Investments LLC bought a new stake in shares of PPL during the 4th quarter valued at approximately $49,000. Finally, EverSource Wealth Advisors LLC increased its position in PPL by 69.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,072 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 846 shares in the last quarter. Institutional investors own 76.99% of the company’s stock.

Insiders Place Their Bets

In other PPL news, insider John R. Crockett III sold 1,589 shares of PPL stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.12, for a total value of $52,627.68. Following the completion of the sale, the insider now directly owns 10,845 shares of the company’s stock, valued at approximately $359,186.40. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tadd J. Henninger sold 1,424 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $47,675.52. Following the transaction, the senior vice president now directly owns 11,259 shares in the company, valued at $376,951.32. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,140 shares of company stock worth $173,005. 0.22% of the stock is owned by corporate insiders.

PPL Stock Up 0.0 %

PPL stock opened at $35.00 on Friday. The firm has a market cap of $25.84 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.77 and a beta of 0.76. PPL Co. has a 52-week low of $25.93 and a 52-week high of $35.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a 50 day moving average price of $33.93 and a two-hundred day moving average price of $33.17.

PPL (NYSE:PPL) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). PPL had a net margin of 10.49% and a return on equity of 8.88%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.09 billion. Equities analysts predict that PPL Co. will post 1.83 EPS for the current year.

PPL Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.2725 dividend. This is an increase from PPL’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, March 10th. PPL’s payout ratio is presently 90.08%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PPL shares. Citigroup raised shares of PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Jefferies Financial Group cut their price objective on PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Morgan Stanley upped their target price on PPL from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays lifted their price target on PPL from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets started coverage on PPL in a report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

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.