Plan Group Financial LLC Has $879,000 Stock Position in PPL Co. (NYSE:PPL)

Plan Group Financial LLC raised its position in PPL Co. (NYSE:PPL) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,578 shares of the utilities provider’s stock after acquiring an additional 2,982 shares during the period. Plan Group Financial LLC’s holdings in PPL were worth $879,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Leelyn Smith LLC boosted its position in PPL by 0.4% in the 2nd quarter. Leelyn Smith LLC now owns 79,887 shares of the utilities provider’s stock valued at $2,209,000 after buying an additional 331 shares during the last quarter. TFC Financial Management Inc. boosted its position in shares of PPL by 15.7% in the 2nd 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 during the last quarter. Centennial Wealth Advisory LLC boosted its position in shares of PPL by 3.4% in the 2nd 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 during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of PPL by 3.1% in the 3rd 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 during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of PPL by 1.4% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PPL. Wells Fargo & Company raised their price target on PPL from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America raised their price target on PPL from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley raised their price target on PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays raised their price target on PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Jefferies Financial Group began coverage on PPL in a research report on Thursday, September 19th. They issued a “buy” rating and a $38.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, PPL has an average rating of “Moderate Buy” and a consensus price target of $35.22.

PPL Stock Performance

Shares of PPL stock opened at $32.68 on Wednesday. The company has a market capitalization of $24.11 billion, a PE ratio of 28.67, a PEG ratio of 2.79 and a beta of 0.82. PPL Co. has a 12 month low of $23.36 and a 12 month high of $33.38. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $32.15 and its 200 day simple moving average is $29.74.

PPL (NYSE:PPL) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.38 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts predict that PPL Co. will post 1.72 EPS for the current year.

PPL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, September 10th. PPL’s dividend payout ratio is 90.35%.

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.