Janney Montgomery Scott LLC Has $10.87 Million Holdings in PPL Co. (NYSE:PPL)

Janney Montgomery Scott LLC increased its holdings in shares of PPL Co. (NYSE:PPLFree Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 401,135 shares of the utilities provider’s stock after purchasing an additional 9,102 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.05% of PPL worth $10,871,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PPL. AAF Wealth Management LLC acquired a new position in shares of PPL during the 4th quarter worth about $211,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in PPL by 3.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 741,141 shares of the utilities provider’s stock valued at $20,500,000 after purchasing an additional 26,228 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in PPL by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,678,680 shares of the utilities provider’s stock valued at $180,992,000 after purchasing an additional 18,822 shares in the last quarter. Boston Partners acquired a new position in shares of PPL during the 4th quarter worth approximately $3,777,000. Finally, USA Financial Formulas increased its position in shares of PPL by 6,819.6% during the 4th quarter. USA Financial Formulas now owns 3,875 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 3,819 shares during the last quarter. Institutional investors own 76.99% of the company’s stock.

PPL Price Performance

Shares of NYSE PPL opened at $29.59 on Friday. The business’s 50 day moving average is $27.51 and its 200-day moving average is $26.77. The firm has a market cap of $21.83 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.81. PPL Co. has a 1-year low of $22.20 and a 1-year high of $29.69. The company has a current ratio of 1.28, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

PPL (NYSE:PPLGet Free Report) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. PPL had a return on equity of 8.80% and a net margin of 9.29%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. Equities research analysts predict that PPL Co. will post 1.71 earnings per share for the current year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.48%. PPL’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of PPL from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. Bank of America lifted their price objective on shares of PPL from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. TheStreet cut shares of PPL from a “b-” rating to a “c” rating in a report on Friday, February 16th. Argus upgraded PPL from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, March 8th. Finally, Mizuho upped their price objective on PPL from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.27.

Check Out Our Latest Analysis on PPL

PPL Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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