Vanguard Personalized Indexing Management LLC Buys 5,667 Shares of PPL Co. (NYSE:PPL)

Vanguard Personalized Indexing Management LLC raised its stake in PPL Co. (NYSE:PPLFree Report) by 17.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 38,874 shares of the utilities provider’s stock after buying an additional 5,667 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PPL were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPL. Great West Life Assurance Co. Can raised its holdings in PPL by 3.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 350,807 shares of the utilities provider’s stock valued at $10,501,000 after acquiring an additional 12,428 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PPL by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,292,612 shares of the utilities provider’s stock valued at $65,480,000 after purchasing an additional 50,658 shares during the last quarter. Sei Investments Co. increased its stake in shares of PPL by 9.4% in the 1st quarter. Sei Investments Co. now owns 341,996 shares of the utilities provider’s stock valued at $9,779,000 after purchasing an additional 29,496 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of PPL by 1.2% in the 1st quarter. Allianz Asset Management GmbH now owns 409,552 shares of the utilities provider’s stock valued at $11,697,000 after purchasing an additional 4,998 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of PPL by 7.7% in the 1st quarter. Mather Group LLC. now owns 10,764 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 766 shares during the last quarter. 73.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

View Our Latest Research Report on PPL

PPL Trading Up 1.7 %

Shares of PPL stock opened at $26.31 on Tuesday. The firm has a market capitalization of $19.39 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.03 and a beta of 0.82. PPL Co. has a twelve month low of $22.20 and a twelve month high of $29.14. The company has a quick ratio of 0.79, a current ratio of 0.96 and a debt-to-equity ratio of 1.03. The stock’s fifty day simple moving average is $26.57 and its 200 day simple moving average is $25.64.

PPL Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, December 7th. PPL’s payout ratio is presently 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.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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