Sound View Wealth Advisors Group LLC Lowers Holdings in PPL Co. (NYSE:PPL)


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Sound View Wealth Advisors Group LLC decreased its holdings in PPL Co. (NYSE:PPL) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,030 shares of the utilities provider’s stock after selling 1,518 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in PPL were worth $808,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC bought a new position in shares of PPL during the 4th quarter valued at approximately $27,000. Private Capital Group LLC raised its holdings in PPL by 94.3% during the 4th quarter. Private Capital Group LLC now owns 1,059 shares of the utilities provider’s stock valued at $30,000 after buying an additional 514 shares during the period. Jeppson Wealth Management LLC purchased a new stake in PPL during the 3rd quarter valued at $30,000. TD Ameritrade Investment Management LLC purchased a new stake in PPL in the fourth quarter worth $32,000. Finally, Liberty Wealth Management LLC increased its stake in PPL by 88.3% in the fourth quarter. Liberty Wealth Management LLC now owns 1,164 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 546 shares during the period. 67.15% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on PPL from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, January 27th. Mizuho lifted their target price on PPL from $29.50 to $30.00 in a research report on Friday, March 19th. Morgan Stanley boosted their price objective on PPL from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, April 26th. Finally, Wolfe Research reaffirmed a “peer perform” rating and set a $29.00 price objective on shares of PPL in a research report on Monday, March 15th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.25.

PPL traded down $0.15 during mid-day trading on Tuesday, hitting $28.99. The stock had a trading volume of 67,100 shares, compared to its average volume of 5,164,160. PPL Co. has a 1-year low of $23.71 and a 1-year high of $30.94. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.50 and a quick ratio of 0.43. The stock’s fifty day simple moving average is $28.93 and its 200-day simple moving average is $28.29. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 14.43 and a beta of 0.72.

PPL (NYSE:PPL) last announced its quarterly earnings data on Wednesday, February 17th. The utilities provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). The firm had revenue of $1.93 billion during the quarter. PPL had a net margin of 21.93% and a return on equity of 13.76%. During the same period in the previous year, the business posted $0.57 earnings per share. As a group, research analysts expect that PPL Co. will post 2.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Wednesday, March 10th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.73%. The ex-dividend date was Tuesday, March 9th. PPL’s dividend payout ratio (DPR) is 67.76%.

About PPL

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 425,000 electric and 332,000 natural gas customers in Louisville and adjacent areas in Kentucky; 536,000 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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