Citizens Financial Group Inc RI decreased its position in PPL Corp (NYSE:PPL) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,160 shares of the utilities provider’s stock after selling 526 shares during the quarter. Citizens Financial Group Inc RI’s holdings in PPL were worth $103,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Orion Portfolio Solutions LLC purchased a new position in shares of PPL during the 4th quarter valued at approximately $26,000. TRUE Private Wealth Advisors purchased a new position in shares of PPL during the 4th quarter valued at approximately $30,000. Tompkins Financial Corp boosted its stake in shares of PPL by 513.5% during the 1st quarter. Tompkins Financial Corp now owns 1,227 shares of the utilities provider’s stock valued at $30,000 after buying an additional 1,027 shares during the last quarter. BBVA USA Bancshares Inc. purchased a new position in shares of PPL during the 4th quarter valued at approximately $32,000. Finally, Truvestments Capital LLC purchased a new position in shares of PPL during the 1st quarter valued at approximately $36,000. 68.44% of the stock is owned by institutional investors.
Several equities analysts have recently commented on the company. TheStreet cut PPL from a “b” rating to a “c+” rating in a research note on Friday, February 28th. UBS Group reduced their price objective on PPL from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, April 3rd. Royal Bank of Canada raised their price objective on PPL from $26.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Evercore ISI began coverage on PPL in a research note on Wednesday, February 19th. They set a “hold” rating and a $36.50 price objective on the stock. Finally, Wells Fargo & Co cut PPL from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.13.
PPL stock opened at $25.65 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.50 and a current ratio of 0.56. The stock has a market capitalization of $19.76 billion, a price-to-earnings ratio of 10.58 and a beta of 0.74. PPL Corp has a 1 year low of $18.12 and a 1 year high of $36.83. The stock’s fifty day moving average is $25.14 and its two-hundred day moving average is $31.23.
PPL (NYSE:PPL) last posted its earnings results on Friday, May 8th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.18 billion. PPL had a net margin of 23.68% and a return on equity of 14.46%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, analysts predict that PPL Corp will post 2.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Tuesday, June 9th. PPL’s dividend payout ratio (DPR) is 67.76%.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.
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