Sandy Spring Bank Has $62,000 Stake in PPL Co. (NYSE:PPL)

Sandy Spring Bank trimmed its position in PPL Co. (NYSE:PPL – Free Report) by 38.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,232 shares of the utilities provider’s stock after selling 1,368 shares during the quarter. Sandy Spring Bank’s holdings in PPL were worth $62,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Elevated Capital Advisors LLC lifted its position in shares of PPL by 0.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 57,470 shares of the utilities provider’s stock worth $1,597,000 after buying an additional 356 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in PPL by 1.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 21,254 shares of the utilities provider’s stock valued at $621,000 after purchasing an additional 369 shares during the last quarter. Securian Asset Management Inc. raised its position in PPL by 0.7% in the first quarter. Securian Asset Management Inc. now owns 60,845 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 394 shares during the last quarter. Janney Capital Management LLC raised 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 last quarter. Finally, Kinneret Advisory LLC raised its position in PPL by 2.3% in the first quarter. Kinneret Advisory LLC now owns 19,608 shares of the utilities provider’s stock valued at $564,000 after purchasing an additional 438 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Get PPL alerts:

PPL Trading Up 0.1 %

Shares of PPL stock opened at $26.11 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.90 and a current ratio of 1.09. PPL Co. has a 52 week low of $23.47 and a 52 week high of $31.74. The stock has a 50 day moving average price of $26.78 and a two-hundred day moving average price of $27.60. The stock has a market capitalization of $19.24 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78.

PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). PPL had a net margin of 8.79% and a return on equity of 7.75%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business posted $0.30 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that PPL Co. will post 1.59 earnings per share for the current fiscal year.

PPL Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 9th were paid a $0.24 dividend. The ex-dividend date was Thursday, June 8th. This represents a $0.96 dividend on an annualized basis and a yield of 3.68%. PPL’s dividend payout ratio (DPR) is presently 92.31%.

Analysts Set New Price Targets

Several equities analysts have commented on PPL shares. TheStreet downgraded PPL from a “b-” rating to a “c” rating in a research report on Friday. Morgan Stanley increased their target price on PPL from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. StockNews.com assumed coverage on PPL in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Guggenheim decreased their price target on PPL from $34.00 to $31.00 in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, PPL has a consensus rating of “Moderate Buy” and an average target price of $31.71.

View Our Latest Stock Analysis on PPL

PPL Company Profile

(Free Report)

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.5 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.

Featured Stories

• Five stocks we like better than PPL
• How to Find Cloud Software Company Stocks to Trade and Invest
• 8 Best Meme Stocks to Buy Now
• Stock Market Upgrades: What Are They?
• Is Now The Time To Buy XLF Financial ETF?
• EV Stocks and How to Profit from Them
• Three Ways To Play The Rise In Oil Prices

Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.