Van Hulzen Asset Management LLC Purchases Shares of 6,874 PPL Corporation (PPL)
Van Hulzen Asset Management LLC purchased a new position in shares of PPL Corporation (NYSE:PPL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,874 shares of the utilities provider’s stock, valued at approximately $261,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in PPL Corporation by 7.6% in the 2nd quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 321 shares during the last quarter. Tufton Capital Management acquired a new stake in PPL Corporation in the 2nd quarter valued at about $208,000. Pinebridge Investments L.P. acquired a new stake in PPL Corporation in the 2nd quarter valued at about $224,000. Park Avenue Securities LLC acquired a new stake in PPL Corporation in the 2nd quarter valued at about $236,000. Finally, Cable Hill Partners LLC raised its holdings in PPL Corporation by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 6,447 shares during the last quarter. Hedge funds and other institutional investors own 70.96% of the company’s stock.
PPL Corporation (PPL) traded up $0.04 during trading on Friday, hitting $36.06. 3,221,000 shares of the stock traded hands, compared to its average volume of 3,209,902. PPL Corporation has a twelve month low of $32.69 and a twelve month high of $40.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56. The stock has a market cap of $24,826.02, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.49.
PPL Corporation (NYSE:PPL) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. PPL Corporation had a net margin of 20.60% and a return on equity of 15.30%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. research analysts forecast that PPL Corporation will post 2.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a $0.395 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.58 annualized dividend and a dividend yield of 4.38%. PPL Corporation’s dividend payout ratio (DPR) is 71.49%.
PPL has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of PPL Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. SunTrust Banks, Inc. initiated coverage on shares of PPL Corporation in a report on Tuesday, October 10th. They issued a “buy” rating and a $43.00 price objective for the company. ValuEngine upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut shares of PPL Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, KeyCorp reissued a “hold” rating on shares of PPL Corporation in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.44.
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PPL Corporation Profile
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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