Encompass Wealth Advisors LLC Makes New Investment in PPL Co. (NYSE:PPL)


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Encompass Wealth Advisors LLC acquired a new stake in PPL Co. (NYSE:PPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,981 shares of the utilities provider’s stock, valued at approximately $56,000.

Several other institutional investors also recently added to or reduced their stakes in PPL. Perigon Wealth Management LLC purchased a new position in shares of PPL in the fourth quarter valued at $27,000. Jeppson Wealth Management LLC acquired a new stake in shares of PPL during the third quarter valued at $30,000. Private Capital Group LLC boosted its stake in shares of PPL by 94.3% during the fourth quarter. Private Capital Group LLC now owns 1,059 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 514 shares during the last quarter. Liberty Wealth Management LLC boosted its stake in shares of PPL by 88.3% during the fourth quarter. Liberty Wealth Management LLC now owns 1,164 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 546 shares during the last quarter. Finally, TD Ameritrade Investment Management LLC purchased a new position in shares of PPL in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

PPL opened at $29.00 on Thursday. The company has a market cap of $22.30 billion, a PE ratio of 14.36 and a beta of 0.72. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $28.11. PPL Co. has a 52-week low of $23.71 and a 52-week high of $30.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.43 and a current ratio of 0.50.

PPL (NYSE:PPL) last released its quarterly earnings results on Wednesday, February 17th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.02). The company had revenue of $1.93 billion for the quarter. PPL had a return on equity of 13.76% and a net margin of 21.93%. During the same period in the previous year, the business posted $0.57 EPS. On average, research analysts predict that PPL Co. will post 2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Wednesday, March 10th were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $1.66 annualized dividend and a dividend yield of 5.72%. PPL’s dividend payout ratio (DPR) is presently 67.76%.

A number of research firms have recently commented on PPL. BMO Capital Markets downgraded PPL to a “market perform” rating and cut their price objective for the stock from $36.00 to $34.00 in a report on Tuesday, December 15th. Stifel Nicolaus downgraded PPL to a “market perform” rating and dropped their target price for the company from $36.00 to $34.00 in a report on Tuesday, December 15th. Wolfe Research restated a “peer perform” rating and set a $29.00 price objective on shares of PPL in a report on Monday, March 15th. Credit Suisse Group lifted their target price on PPL from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Finally, Morgan Stanley decreased their target price on PPL from $34.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 15th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $34.18.

In related news, CEO Vincent Sorgi sold 26,561 shares of the business’s stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $27.64, for a total transaction of $734,146.04. Following the completion of the transaction, the chief executive officer now owns 53,983 shares of the company’s stock, valued at approximately $1,492,090.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory N. Dudkin sold 4,747 shares of the business’s stock in a transaction dated Tuesday, January 26th. The stock was sold at an average price of $28.12, for a total value of $133,485.64. Following the transaction, the insider now directly owns 43,844 shares of the company’s stock, valued at approximately $1,232,893.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,897 shares of company stock valued at $996,674. 0.20% of the stock is currently owned by corporate insiders.

PPL Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 418,000 electric and 329,000 natural gas customers in Louisville and adjacent areas in Kentucky; 530,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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