TFG Advisers LLC Purchases Shares of 12,285 PPL Co. (NYSE:PPL)

TFG Advisers LLC purchased a new position in PPL Co. (NYSE:PPL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,285 shares of the utilities provider’s stock, valued at approximately $399,000.

A number of other hedge funds have also recently modified their holdings of PPL. Fortitude Family Office LLC grew its stake in shares of PPL by 195.5% in the third quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 516 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of PPL in the 3rd quarter worth approximately $34,000. Rosenberg Matthew Hamilton grew its position in shares of PPL by 1,092.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,114 shares during the last quarter. Covestor Ltd increased its stake in shares of PPL by 139.2% during the third quarter. Covestor Ltd now owns 1,512 shares of the utilities provider’s stock valued at $50,000 after buying an additional 880 shares during the period. Finally, Newton One Investments LLC bought a new position in shares of PPL during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Stock Up 0.0 %

Shares of NYSE:PPL opened at $34.12 on Friday. 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 stock has a fifty day simple moving average of $32.85 and a two-hundred day simple moving average of $32.36. PPL Co. has a 12-month low of $25.35 and a 12-month high of $35.15. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.75 and a beta of 0.83.

PPL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s payout ratio is 91.97%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PPL. Jefferies Financial Group cut their price target on shares of PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, December 17th. Citigroup boosted their price target on shares of PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Barclays decreased their price target on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. BMO Capital Markets assumed coverage on PPL in a research report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on PPL in a research report on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Insider Buying and Selling

In related news, insider John R. Crockett III sold 9,161 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $34.35, for a total value of $314,680.35. Following the transaction, the insider now directly owns 12,434 shares of the company’s stock, valued at approximately $427,107.90. This represents a 42.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tadd J. Henninger sold 1,424 shares of PPL stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $47,675.52. Following the completion of the sale, the senior vice president now directly owns 11,259 shares of the company’s stock, valued at approximately $376,951.32. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,794 shares of company stock worth $661,338 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

PPL Profile

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.