Galvin Gaustad & Stein LLC decreased its position in shares of PPL Co. (NYSE:PPL) by 26.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,230 shares of the utilities provider’s stock after selling 127,369 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in PPL were worth $10,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PPL. Wealth Alliance lifted its holdings in shares of PPL by 3.4% during the third quarter. Wealth Alliance now owns 16,772 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 544 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of PPL by 32.2% during the third quarter. Kingsview Wealth Management LLC now owns 20,417 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 4,976 shares during the period. Jeppson Wealth Management LLC acquired a new stake in shares of PPL during the third quarter worth about $30,000. Paces Ferry Wealth Advisors LLC acquired a new stake in shares of PPL during the third quarter worth about $36,000. Finally, Advisor Partners LLC lifted its holdings in shares of PPL by 11.0% during the third quarter. Advisor Partners LLC now owns 20,663 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 2,047 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Shares of PPL opened at $29.00 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.43 and a current ratio of 0.50. PPL Co. has a one year low of $23.71 and a one year high of $30.94. The stock has a market capitalization of $22.31 billion, a price-to-earnings ratio of 14.36 and a beta of 0.72. The stock has a 50 day moving average price of $28.56 and a 200 day moving average price of $28.26.

PPL (NYSE:PPL) last issued its quarterly earnings results on Wednesday, February 17th. The utilities provider reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). PPL had a return on equity of 13.76% and a net margin of 21.93%. The firm had revenue of $1.93 billion for the quarter. During the same period last year, the firm earned $0.57 EPS. On average, analysts predict that PPL Co. will post 2.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Wednesday, March 10th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.72%. The ex-dividend date was Tuesday, March 9th. PPL’s payout ratio is 67.76%.

PPL has been the subject of a number of analyst reports. Wolfe Research reissued a “peer perform” rating and issued a $29.00 price target on shares of PPL in a report on Monday, March 15th. Credit Suisse Group boosted their price target on PPL from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. Morgan Stanley boosted their price target on PPL from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Mizuho boosted their price target on PPL from $29.50 to $30.00 in a report on Friday, March 19th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.25.

In other PPL news, insider Gregory N. Dudkin sold 4,747 shares of the company’s stock in a transaction on Tuesday, January 26th. The stock was sold at an average price of $28.12, for a total value of $133,485.64. Following the completion of the sale, the insider now directly owns 43,844 shares in the company, valued at approximately $1,232,893.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joanne H. Raphael sold 4,589 shares of the company’s stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $28.12, for a total value of $129,042.68. Following the completion of the sale, the executive vice president now owns 53,313 shares of the company’s stock, valued at $1,499,161.56. The disclosure for this sale can be found here. Insiders have sold 35,897 shares of company stock valued at $996,674 over the last quarter. 0.20% of the stock is owned by company insiders.

PPL Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 425,000 electric and 332,000 natural gas customers in Louisville and adjacent areas in Kentucky; 536,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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