PPL Co. (NYSE:PPL) Shares Purchased by Cwm LLC

Posted by on Apr 22nd, 2023

Cwm LLC boosted its holdings in PPL Co. (NYSE:PPL – Get Rating) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,521 shares of the utilities provider’s stock after acquiring an additional 3,608 shares during the period. Cwm LLC’s holdings in PPL were worth $775,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC boosted its stake in shares of PPL by 1.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 21,254 shares of the utilities provider’s stock worth $621,000 after buying an additional 369 shares during the period. Janney Capital Management LLC lifted its position in PPL by 4.8% in the fourth quarter. Janney Capital Management LLC now owns 8,780 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 400 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in PPL by 0.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,228 shares of the utilities provider’s stock valued at $1,643,000 after purchasing an additional 409 shares during the period. Clear Street Markets LLC lifted its position in PPL by 11.9% in the third quarter. Clear Street Markets LLC now owns 4,070 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 432 shares during the period. Finally, Gofen & Glossberg LLC IL lifted its position in PPL by 2.9% in the fourth quarter. Gofen & Glossberg LLC IL now owns 15,214 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 433 shares during the period. 70.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider John R. Crockett III sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $28.00, for a total transaction of $154,000.00. Following the sale, the insider now owns 9,161 shares in the company, valued at $256,508. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PPL. StockNews.com began coverage on shares of PPL in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley raised their price objective on shares of PPL from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday. TheStreet downgraded shares of PPL from a “b” rating to a “c+” rating in a research report on Tuesday, February 21st. Mizuho dropped their target price on shares of PPL from $32.00 to $28.00 in a report on Monday, March 20th. Finally, Barclays began coverage on shares of PPL in a report on Wednesday, January 18th. They issued an “equal weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and seven 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 $31.00.

PPL Trading Up 0.3 %

Shares of PPL opened at $28.69 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.75 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $27.71 and a 200-day simple moving average of $28.01. PPL Co. has a 1-year low of $23.47 and a 1-year high of $31.74. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77.

PPL (NYSE:PPL – Get Rating) last issued its quarterly earnings data on Friday, February 17th. The utilities provider reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. PPL had a net margin of 9.57% and a return on equity of 7.50%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.22 EPS. The company’s revenue was up 54.2% on a year-over-year basis. Equities analysts forecast that PPL Co. will post 1.58 EPS for the current fiscal year.

PPL Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from PPL’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, March 9th. PPL’s dividend payout ratio (DPR) is 93.20%.

PPL Company Profile

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PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the two reportable segments: Kentucky Regulated & Pennsylvania Regulated. The Kentucky Regulated segment consists of LKE’s regulated electricity generation, transmission and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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