Green Square Capital Advisors LLC Buys 1,007 Shares of PPL Co. (NYSE:PPL)

Green Square Capital Advisors LLC boosted its stake in shares of PPL Co. (NYSE:PPLGet Rating) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 62,069 shares of the utilities provider’s stock after purchasing an additional 1,007 shares during the quarter. Green Square Capital Advisors LLC’s holdings in PPL were worth $1,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC lifted its position in PPL by 1.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 20,851 shares of the utilities provider’s stock valued at $596,000 after purchasing an additional 373 shares during the period. Eaton Vance Management raised its position in PPL by 0.7% in the fourth quarter. Eaton Vance Management now owns 55,011 shares of the utilities provider’s stock worth $1,284,000 after acquiring an additional 385 shares during the period. Boenning & Scattergood Inc. raised its position in PPL by 1.5% in the first quarter. Boenning & Scattergood Inc. now owns 26,993 shares of the utilities provider’s stock worth $771,000 after acquiring an additional 387 shares during the period. First Horizon Advisors Inc. raised its position in PPL by 9.5% in the fourth quarter. First Horizon Advisors Inc. now owns 4,471 shares of the utilities provider’s stock worth $134,000 after acquiring an additional 388 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in PPL by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 47,400 shares of the utilities provider’s stock worth $1,430,000 after acquiring an additional 400 shares during the period. Institutional investors own 65.63% of the company’s stock.

Insiders Place Their Bets

In other news, insider Stephanie R. Raymond sold 3,374 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $30.45, for a total value of $102,738.30. Following the completion of the sale, the insider now owns 23,182 shares in the company, valued at approximately $705,891.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PPL. The Goldman Sachs Group began coverage on shares of PPL in a research report on Monday, May 30th. They issued a “buy” rating on the stock. Evercore ISI upgraded shares of PPL from an “in-line” rating to an “outperform” rating and decreased their price target for the stock from $31.00 to $30.00 in a research report on Thursday, July 7th. Wells Fargo & Company increased their price objective on shares of PPL from $33.00 to $34.00 in a research note on Tuesday, June 7th. Mizuho reduced their price objective on shares of PPL from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Finally, Argus cut shares of PPL from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, PPL currently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

PPL Stock Performance

Shares of NYSE:PPL opened at $28.08 on Thursday. PPL Co. has a 52 week low of $24.98 and a 52 week high of $30.72. The stock has a market capitalization of $20.66 billion, a P/E ratio of 33.04 and a beta of 0.75. The firm has a fifty day simple moving average of $27.95 and a two-hundred day simple moving average of $28.24. The company has a quick ratio of 1.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

PPL (NYSE:PPLGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. PPL had a net margin of 10.43% and a return on equity of 6.25%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the company posted $0.28 EPS. The business’s revenue was up 19.0% on a year-over-year basis. On average, analysts expect that PPL Co. will post 1.38 earnings per share for the current fiscal year.

PPL Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Tuesday, June 21st were paid a $0.225 dividend. This is a boost from PPL’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, June 17th. PPL’s dividend payout ratio (DPR) is presently 105.88%.

PPL Profile

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PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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