LS Investment Advisors LLC Boosts Stake in PPL Co. (PPL)

LS Investment Advisors LLC grew its holdings in PPL Co. (NYSE:PPL) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,523 shares of the utilities provider’s stock after acquiring an additional 6,452 shares during the quarter. LS Investment Advisors LLC’s holdings in PPL were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Girard Partners LTD. boosted its position in shares of PPL by 6.3% in the fourth quarter. Girard Partners LTD. now owns 28,108 shares of the utilities provider’s stock valued at $870,000 after acquiring an additional 1,674 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of PPL by 42.1% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock valued at $176,000 after acquiring an additional 1,687 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of PPL by 3.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 56,597 shares of the utilities provider’s stock valued at $1,752,000 after acquiring an additional 1,719 shares during the period. Raymond James Trust N.A. boosted its position in shares of PPL by 3.1% in the fourth quarter. Raymond James Trust N.A. now owns 59,327 shares of the utilities provider’s stock valued at $1,836,000 after acquiring an additional 1,775 shares during the period. Finally, Legacy Advisors LLC boosted its position in shares of PPL by 24.9% in the fourth quarter. Legacy Advisors LLC now owns 9,039 shares of the utilities provider’s stock valued at $282,000 after acquiring an additional 1,800 shares during the period. 70.26% of the stock is owned by institutional investors.

PPL has been the subject of several research reports. Deutsche Bank raised PPL from a “hold” rating to a “buy” rating and reduced their price objective for the company from $39.00 to $36.00 in a research report on Thursday, January 18th. TheStreet cut PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. Royal Bank of Canada reissued a “hold” rating and issued a $33.00 price objective on shares of PPL in a research report on Thursday, February 1st. ValuEngine cut PPL from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, UBS assumed coverage on PPL in a research report on Friday, February 2nd. They issued a “buy” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. PPL presently has an average rating of “Hold” and an average price target of $37.15.

In other PPL news, SVP Joanne H. Raphael sold 2,205 shares of PPL stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $29.19, for a total transaction of $64,363.95. Following the completion of the transaction, the senior vice president now directly owns 16,799 shares of the company’s stock, valued at $490,362.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Victor A. Staffieri sold 4,232 shares of PPL stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $29.20, for a total value of $123,574.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,815 shares of company stock valued at $257,352. Company insiders own 0.38% of the company’s stock.

Shares of PPL opened at $27.65 on Tuesday, MarketBeat reports. The firm has a market capitalization of $19.45 billion, a P/E ratio of 11.74, a PEG ratio of 2.02 and a beta of 0.51. PPL Co. has a one year low of $27.47 and a one year high of $27.89. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.59 and a quick ratio of 0.52.

PPL (NYSE:PPL) last issued its earnings results on Thursday, May 3rd. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.09 billion. PPL had a return on equity of 15.24% and a net margin of 15.44%. PPL’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. sell-side analysts predict that PPL Co. will post 2.3 earnings per share for the current fiscal year.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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