46,599 Shares in PPL Corp (PPL) Acquired by Landscape Capital Management L.L.C.
Landscape Capital Management L.L.C. purchased a new position in PPL Corp (NYSE:PPL) in the 4th quarter, Holdings Channel reports. The fund purchased 46,599 shares of the utilities provider’s stock, valued at approximately $1,442,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cutler Capital Management LLC purchased a new stake in PPL in the 3rd quarter worth $114,000. Taylor Hoffman Wealth Management purchased a new stake in PPL in the 4th quarter worth $124,000. Cerebellum GP LLC purchased a new stake in PPL in the 4th quarter worth $128,000. Crewe Advisors LLC purchased a new stake in PPL in the 4th quarter worth $133,000. Finally, Calton & Associates Inc. purchased a new stake in PPL in the 4th quarter worth $156,000. 70.82% of the stock is owned by institutional investors.
Shares of PPL Corp (NYSE:PPL) opened at $27.73 on Monday. PPL Corp has a one year low of $27.48 and a one year high of $40.20. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 1.84. The stock has a market cap of $19,246.00, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.41 per share. This is a boost from PPL’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 8th. This represents a $1.64 annualized dividend and a dividend yield of 5.91%. PPL’s payout ratio is presently 96.34%.
Several brokerages recently commented on PPL. SunTrust Banks set a $37.00 price target on shares of PPL and gave the stock a “buy” rating in a report on Monday, February 12th. ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, December 12th. Guggenheim reissued a “hold” rating and issued a $32.00 price target on shares of PPL in a report on Wednesday, January 3rd. Finally, TheStreet lowered shares of PPL from a “b-” rating to a “c+” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.50.
In other news, Chairman Victor A. Staffieri sold 19,524 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $616,958.40. Following the transaction, the chairman now owns 29,084 shares of the company’s stock, valued at approximately $919,054.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joanne H. Raphael sold 2,205 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $29.19, for a total transaction of $64,363.95. Following the transaction, the senior vice president now directly owns 16,799 shares in the company, valued at approximately $490,362.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,978 shares of company stock worth $1,652,939. Corporate insiders own 0.40% of the company’s stock.
PPL Company Profile
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
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