PPL Co. (NYSE:PPL) Shares Bought by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its holdings in PPL Co. (NYSE:PPL) by 38.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 223,107 shares of the utilities provider’s stock after acquiring an additional 61,522 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in PPL were worth $7,242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PPL. Global Retirement Partners LLC lifted its stake in shares of PPL by 2.4% in the 4th quarter. Global Retirement Partners LLC now owns 12,530 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 299 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of PPL by 1.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 17,696 shares of the utilities provider’s stock valued at $585,000 after purchasing an additional 301 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in shares of PPL by 4.7% in the 4th quarter. Opal Wealth Advisors LLC now owns 6,797 shares of the utilities provider’s stock valued at $221,000 after purchasing an additional 305 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake in shares of PPL by 0.4% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 78,296 shares of the utilities provider’s stock valued at $2,480,000 after purchasing an additional 313 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of PPL by 0.9% in the 4th quarter. Choreo LLC now owns 37,622 shares of the utilities provider’s stock valued at $1,230,000 after purchasing an additional 322 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insider Activity

In other news, SVP Tadd J. Henninger sold 1,424 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $47,675.52. Following the completion of the sale, the senior vice president now directly owns 11,259 shares of the company’s stock, valued at $376,951.32. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO David J. Bonenberger sold 981 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $33.48, for a total value of $32,843.88. Following the sale, the chief operating officer now directly owns 45,414 shares of the company’s stock, valued at approximately $1,520,460.72. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,633 shares of company stock worth $346,657 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on PPL. Barclays reduced their price objective on PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Bank of America boosted their price target on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. BMO Capital Markets initiated coverage on PPL in a research report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. Jefferies Financial Group reduced their price target on PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Finally, Citigroup boosted their price target on PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PPL presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

PPL Stock Performance

Shares of PPL opened at $34.75 on Monday. PPL Co. has a 52-week low of $25.87 and a 52-week high of $35.15. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 1.13. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.77 and a beta of 0.83. The business’s 50 day moving average is $33.01 and its two-hundred day moving average is $32.75.

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

PPL Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.2725 dividend. This is a positive change from PPL’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, March 10th. This represents a $1.09 annualized dividend and a dividend yield of 3.14%. PPL’s dividend payout ratio is 85.12%.

About PPL

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.