PPL Corp (NYSE:PPL) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 45,182,650 shares, a growth of 6.6% from the February 15th total of 42,372,027 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average daily trading volume, of 4,627,412 shares, the days-to-cover ratio is presently 9.8 days.

In related news, Chairman Paul W. Thompson sold 4,573 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $28.25, for a total value of $129,187.25. Following the completion of the transaction, the chairman now directly owns 7,419 shares of the company’s stock, valued at approximately $209,586.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William H. Spence sold 225,365 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $32.50, for a total value of $7,324,362.50. The disclosure for this sale can be found here. Insiders sold a total of 256,997 shares of company stock valued at $8,265,457 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Large investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group lifted its position in shares of PPL by 2,949.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 41,344 shares of the utilities provider’s stock valued at $1,413,000 after acquiring an additional 39,988 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of PPL by 9.7% in the third quarter. Mackenzie Financial Corp now owns 108,836 shares of the utilities provider’s stock valued at $3,185,000 after purchasing an additional 9,606 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of PPL by 47.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,250,000 shares of the utilities provider’s stock valued at $35,413,000 after purchasing an additional 400,000 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of PPL in the third quarter valued at $630,000. Finally, Schnieders Capital Management LLC lifted its holdings in shares of PPL by 35.6% in the fourth quarter. Schnieders Capital Management LLC now owns 58,989 shares of the utilities provider’s stock valued at $1,671,000 after purchasing an additional 15,475 shares in the last quarter. Institutional investors own 73.89% of the company’s stock.

PPL has been the subject of a number of research reports. Desjardins reaffirmed an “average” rating and set a $52.00 price target on shares of PPL in a research note on Monday, January 7th. SunTrust Banks reaffirmed a “buy” rating and set a $35.00 price target on shares of PPL in a research note on Wednesday, February 13th. Zacks Investment Research raised PPL from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, December 11th. ValuEngine raised PPL from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Evercore ISI lowered PPL from an “outperform” rating to an “in-line” rating in a research note on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.33.

Shares of NYSE:PPL opened at $32.74 on Friday. PPL has a one year low of $25.30 and a one year high of $32.88. The firm has a market cap of $23.60 billion, a PE ratio of 13.64, a P/E/G ratio of 2.67 and a beta of 0.54. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.53 and a quick ratio of 0.47.

PPL (NYSE:PPL) last announced its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. PPL had a return on equity of 14.91% and a net margin of 23.47%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts expect that PPL will post 2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from PPL’s previous quarterly dividend of $0.41. PPL’s dividend payout ratio is 68.75%.

TRADEMARK VIOLATION WARNING: “PPL Corp (PPL) Short Interest Up 6.6% in February” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/ppl-corp-ppl-short-interest-up-6-6-in-february/2896013.html.

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 through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

Further Reading: What impact do institutional investors have on markets?

Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.