Stolper Co Has $1.46 Million Stake in PPL Co. (NYSE:PPL)

Stolper Co increased its position in shares of PPL Co. (NYSE:PPL) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,924 shares of the utilities provider’s stock after purchasing an additional 1,161 shares during the period. Stolper Co’s holdings in PPL were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in PPL in the 4th quarter valued at about $570,789,000. Norges Bank acquired a new stake in PPL during the fourth quarter worth approximately $115,605,000. Balyasny Asset Management L.P. bought a new position in PPL during the 4th quarter worth $108,799,000. Electron Capital Partners LLC raised its holdings in PPL by 437.5% in the 4th quarter. Electron Capital Partners LLC now owns 4,890,402 shares of the utilities provider’s stock valued at $132,530,000 after acquiring an additional 3,980,626 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of PPL by 239.8% during the 4th quarter. Clearbridge Investments LLC now owns 3,128,744 shares of the utilities provider’s stock valued at $84,789,000 after acquiring an additional 2,208,081 shares during the period. 76.99% of the stock is currently owned by institutional investors.

PPL Stock Performance

Shares of PPL opened at $32.46 on Friday. PPL Co. has a one year low of $22.20 and a one year high of $32.54. The company has a market cap of $23.95 billion, a PE ratio of 31.51, a P/E/G ratio of 2.73 and a beta of 0.82. The stock has a 50-day moving average of $30.45 and a 200-day moving average of $28.67. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.11 and a quick ratio of 0.91.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. PPL had a return on equity of 9.26% and a net margin of 10.17%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that PPL Co. will post 1.72 EPS for the current fiscal year.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Tuesday, September 10th. PPL’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analysts Forecast Growth

PPL has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of PPL from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America increased their price target on shares of PPL from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Morgan Stanley boosted their price objective on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Five 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.18.

About PPL

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.