PPL Co. (NYSE:PPL) SVP Tadd J. Henninger Sells 1,424 Shares

PPL Co. (NYSE:PPL) SVP Tadd J. Henninger sold 1,424 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $47,675.52. Following the sale, the senior vice president now owns 11,259 shares of the company’s stock, valued at approximately $376,951.32. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PPL Price Performance

Shares of NYSE:PPL opened at $32.81 on Thursday. The business’s 50 day moving average is $33.00 and its 200-day moving average is $32.16. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $24.21 billion, a PE ratio of 29.29, a PEG ratio of 2.64 and a beta of 0.83. PPL Co. has a 1-year low of $25.35 and a 1-year high of $35.15.

PPL (NYSE:PPL) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.10 billion. PPL had a net margin of 9.95% and a return on equity of 9.20%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Sell-side analysts predict that PPL Co. will post 1.72 earnings per share for the current year.

PPL Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s payout ratio is 91.97%.

Analyst Ratings Changes

PPL has been the topic of several analyst reports. BMO Capital Markets initiated coverage on PPL in a report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. Bank of America raised their target price on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. assumed coverage on shares of PPL in a research report on Friday, October 25th. They set an “overweight” rating and a $37.00 target price for the company. Barclays lowered their price target on PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group cut their price objective on PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PPL presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Institutional Investors Weigh In On PPL

Several large investors have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its stake in PPL by 195.5% in the 3rd quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock valued at $26,000 after buying an additional 516 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of PPL in the 4th quarter valued at $32,000. Ashton Thomas Securities LLC bought a new stake in shares of PPL in the 3rd quarter worth about $34,000. Rosenberg Matthew Hamilton increased its position in shares of PPL by 1,092.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Newton One Investments LLC bought a new position in PPL during the 4th quarter valued at about $49,000. 76.99% of the stock is currently owned by institutional investors.

About PPL

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.