Assenagon Asset Management S.A. Has $23.23 Million Holdings in PPL Co. (NYSE:PPL)

Assenagon Asset Management S.A. increased its stake in PPL Co. (NYSE:PPLFree Report) by 19.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 857,311 shares of the utilities provider’s stock after purchasing an additional 142,136 shares during the quarter. Assenagon Asset Management S.A.’s holdings in PPL were worth $23,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PPL. Great West Life Assurance Co. Can boosted its holdings in shares of 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 buying an additional 12,428 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 50,658 shares during the last quarter. Sei Investments Co. boosted its holdings 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 buying an additional 29,496 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings 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 buying an additional 4,998 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings 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 buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Stock Down 1.7 %

PPL stock opened at $26.60 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.88 and a quick ratio of 0.73. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.45 and a beta of 0.81. The business’s fifty day moving average price is $26.41 and its two-hundred day moving average price is $25.86. PPL Co. has a fifty-two week low of $22.20 and a fifty-two week high of $29.03.

PPL (NYSE:PPLGet Free Report) last posted its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.56 billion. PPL had a return on equity of 8.45% and a net margin of 8.90%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, equities analysts anticipate that PPL Co. will post 1.71 earnings per share for the current year.

PPL Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a $0.2575 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.87%. This is a boost from PPL’s previous quarterly dividend of $0.24. PPL’s dividend payout ratio (DPR) is presently 103.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PPL. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 price objective on shares of PPL in a report on Wednesday, February 21st. Wells Fargo & Company dropped their price target on PPL from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Barclays increased their price target on PPL from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. TheStreet cut PPL from a “b-” rating to a “c” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $52.00 price target on shares of PPL in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PPL presently has an average rating of “Hold” and a consensus price target of $32.67.

Get Our Latest Analysis on PPL

PPL Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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