Aptus Capital Advisors LLC Takes $205,000 Position in PPL Co. (NYSE:PPL)

Aptus Capital Advisors LLC bought a new stake in PPL Co. (NYSE:PPLFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 8,715 shares of the utilities provider’s stock, valued at approximately $205,000.

Several other large investors have also modified their holdings of the stock. Slagle Financial LLC acquired a new stake in PPL during the 2nd quarter worth $212,000. Sei Investments Co. boosted its stake in PPL by 3.1% during the 2nd quarter. Sei Investments Co. now owns 899,586 shares of the utilities provider’s stock worth $23,803,000 after purchasing an additional 26,789 shares during the period. Picton Mahoney Asset Management acquired a new stake in PPL during the 3rd quarter worth $2,412,000. Virtu Financial LLC acquired a new stake in PPL during the 2nd quarter worth $479,000. Finally, Duality Advisers LP boosted its stake in PPL by 367.4% during the 3rd quarter. Duality Advisers LP now owns 103,251 shares of the utilities provider’s stock worth $2,433,000 after purchasing an additional 81,160 shares during the period. Institutional investors and hedge funds own 73.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PPL shares. BMO Capital Markets reiterated an “outperform” rating and set a $52.00 price target on shares of PPL in a research note on Wednesday, December 20th. Barclays raised their target price on shares of PPL from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Morgan Stanley lifted their price objective on PPL from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Finally, StockNews.com upgraded PPL from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.63.

Check Out Our Latest Report on PPL

PPL Stock Performance

NYSE PPL opened at $26.31 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.79 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $26.57 and its two-hundred day moving average is $25.64. PPL Co. has a 12-month low of $22.20 and a 12-month high of $29.14. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.03 and a beta of 0.82.

PPL Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, December 7th. PPL’s dividend payout ratio (DPR) is 86.49%.

About PPL

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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