BTG Pactual Global Asset Management Ltd Has $9.69 Million Holdings in PPL Co. (NYSE:PPL)

BTG Pactual Global Asset Management Ltd increased its stake in shares of PPL Co. (NYSE:PPL) by 190.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,021 shares of the utilities provider’s stock after buying an additional 239,951 shares during the quarter. PPL accounts for 2.1% of BTG Pactual Global Asset Management Ltd’s investment portfolio, making the stock its 3rd largest holding. BTG Pactual Global Asset Management Ltd’s holdings in PPL were worth $9,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Coppell Advisory Solutions Corp. bought a new position in PPL in the 4th quarter valued at $25,000. Worth Asset Management LLC bought a new position in PPL in the 1st quarter valued at $27,000. Compass Wealth Management LLC bought a new position in PPL in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC grew its stake in PPL by 83.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,377 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 625 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in PPL in the 4th quarter valued at $59,000. Institutional investors own 73.09% of the company’s stock.

PPL Stock Performance

Shares of PPL traded up $0.07 during trading hours on Friday, hitting $26.09. The stock had a trading volume of 5,279,831 shares, compared to its average volume of 7,737,587. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.96 and a quick ratio of 0.79. PPL Co. has a 12 month low of $22.20 and a 12 month high of $31.74. The firm has a market capitalization of $19.23 billion, a PE ratio of 23.50, a PEG ratio of 2.22 and a beta of 0.83. The stock has a fifty day moving average price of $24.59 and a 200 day moving average price of $25.87.

PPL Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, December 7th. PPL’s payout ratio is currently 86.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PPL shares. StockNews.com upgraded PPL from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Barclays cut their price target on PPL from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Morgan Stanley cut their price target on PPL from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Citigroup began coverage on PPL in a research note on Thursday, October 5th. They set a “neutral” rating and a $42.00 price target for the company. Finally, Guggenheim cut their price target on PPL from $31.00 to $27.00 in a research note on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, PPL has an average rating of “Hold” and a consensus price target of $29.88.

PPL Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.5 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.