Bp Plc Sells 33,371 Shares of PPL Co. (NYSE:PPL)


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Bp Plc decreased its holdings in PPL Co. (NYSE:PPL) by 48.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,029 shares of the utilities provider’s stock after selling 33,371 shares during the period. Bp Plc’s holdings in PPL were worth $987,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in PPL during the fourth quarter valued at about $27,000. Jeppson Wealth Management LLC purchased a new stake in shares of PPL during the third quarter valued at approximately $30,000. Private Capital Group LLC grew its holdings in shares of PPL by 94.3% in the fourth quarter. Private Capital Group LLC now owns 1,059 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 514 shares during the last quarter. Accel Wealth Management purchased a new position in shares of PPL in the fourth quarter worth $34,000. Finally, Paces Ferry Wealth Advisors LLC bought a new stake in PPL during the 3rd quarter valued at $36,000. Institutional investors own 67.15% of the company’s stock.

PPL has been the subject of several recent analyst reports. Stifel Nicolaus downgraded shares of PPL to a “market perform” rating and lowered their price objective for the company from $36.00 to $34.00 in a research note on Tuesday, December 15th. National Bank Financial cut PPL to a “sector perform” rating in a report on Monday, November 9th. BMO Capital Markets downgraded PPL to a “market perform” rating and decreased their target price for the company from $36.00 to $34.00 in a report on Tuesday, December 15th. Bank of America cut shares of PPL from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Monday, November 30th. Finally, Credit Suisse Group boosted their price objective on shares of PPL from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, January 27th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. PPL currently has a consensus rating of “Hold” and an average price target of $35.93.

In other news, CEO Vincent Sorgi sold 26,561 shares of the company’s stock in a transaction on Monday, January 25th. The stock was sold at an average price of $27.64, for a total transaction of $734,146.04. Following the transaction, the chief executive officer now directly owns 53,983 shares of the company’s stock, valued at $1,492,090.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gregory N. Dudkin sold 4,747 shares of PPL stock in a transaction dated Tuesday, January 26th. The stock was sold at an average price of $28.12, for a total value of $133,485.64. Following the completion of the sale, the insider now owns 43,844 shares of the company’s stock, valued at $1,232,893.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,897 shares of company stock worth $996,674. Corporate insiders own 0.20% of the company’s stock.

PPL stock opened at $27.48 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of 1.55. The stock’s 50 day moving average is $27.94 and its 200 day moving average is $28.06. PPL Co. has a twelve month low of $18.12 and a twelve month high of $35.61. The company has a market capitalization of $21.13 billion, a P/E ratio of 13.60 and a beta of 0.72.

PPL (NYSE:PPL) last posted its quarterly earnings results on Wednesday, February 17th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.02). PPL had a return on equity of 13.76% and a net margin of 21.93%. During the same period in the previous year, the business posted $0.57 earnings per share. As a group, equities analysts expect that PPL Co. will post 2.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Wednesday, March 10th will be paid a $0.415 dividend. The ex-dividend date is Tuesday, March 9th. This represents a $1.66 annualized dividend and a dividend yield of 6.04%. PPL’s dividend payout ratio is presently 67.76%.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 418,000 electric and 329,000 natural gas customers in Louisville and adjacent areas in Kentucky; 530,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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