6,624 Shares in PPL Co. (NYSE:PPL) Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. acquired a new position in shares of PPL Co. (NYSE:PPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,624 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other large investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its holdings in PPL by 1.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 17,696 shares of the utilities provider’s stock worth $585,000 after buying an additional 301 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in PPL by 0.4% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 78,296 shares of the utilities provider’s stock worth $2,480,000 after buying an additional 313 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in PPL by 2.4% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 14,848 shares of the utilities provider’s stock worth $491,000 after buying an additional 348 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in PPL by 3.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock worth $409,000 after buying an additional 370 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in PPL by 1.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock worth $869,000 after buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Price Performance

Shares of NYSE PPL opened at $33.66 on Wednesday. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.71 and a beta of 0.83. The business has a 50-day moving average of $32.91 and a 200-day moving average of $32.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.29 and a quick ratio of 1.07. PPL Co. has a fifty-two week low of $25.35 and a fifty-two week high of $35.15.

PPL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s payout ratio is 91.97%.

Insider Activity

In other PPL news, COO David J. Bonenberger sold 981 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $33.48, for a total transaction of $32,843.88. Following the completion of the sale, the chief operating officer now directly owns 45,414 shares in the company, valued at $1,520,460.72. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tadd J. Henninger sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total transaction of $47,675.52. Following the sale, the senior vice president now owns 11,259 shares of the company’s stock, valued at $376,951.32. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,794 shares of company stock worth $661,338 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PPL shares. Barclays reduced their price objective on PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. BMO Capital Markets began coverage on PPL in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 price target on the stock. JPMorgan Chase & Co. began coverage on PPL in a research note on Friday, October 25th. They issued an “overweight” rating and a $37.00 price target on the stock. Citigroup increased their price target on PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Bank of America increased their price target on PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.