Chicago Companions Funding Group LLC raised its holdings in PPL Co. (NYSE:PPL – Free Report) by 14.4% within the third quarter, in keeping with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 10,651 shares of the utilities supplier’s inventory after shopping for an extra 1,338 shares through the quarter. Chicago Companions Funding Group LLC’s holdings in PPL had been value $353,000 on the finish of the newest quarter.
A number of different hedge funds and different institutional traders additionally lately added to or diminished their stakes within the enterprise. Clearbridge Investments LLC grew its holdings in PPL by 25.3% within the 2nd quarter. Clearbridge Investments LLC now owns 5,890,854 shares of the utilities supplier’s inventory valued at $162,882,000 after shopping for an extra 1,189,339 shares through the interval. Point72 Asset Administration L.P. grew its holdings in PPL by 91.3% within the 2nd quarter. Point72 Asset Administration L.P. now owns 5,821,936 shares of the utilities supplier’s inventory valued at $160,977,000 after shopping for an extra 2,778,820 shares through the interval. Electron Capital Companions LLC grew its holdings in PPL by 71.3% within the 2nd quarter. Electron Capital Companions LLC now owns 4,306,007 shares of the utilities supplier’s inventory valued at $119,061,000 after shopping for an extra 1,792,200 shares through the interval. Financial institution of Montreal Can grew its holdings in PPL by 3.4% within the 2nd quarter. Financial institution of Montreal Can now owns 3,228,776 shares of the utilities supplier’s inventory valued at $89,808,000 after shopping for an extra 104,662 shares through the interval. Lastly, Dimensional Fund Advisors LP grew its holdings in PPL by 8.5% within the 2nd quarter. Dimensional Fund Advisors LP now owns 2,571,253 shares of the utilities supplier’s inventory valued at $71,098,000 after shopping for an extra 202,296 shares through the interval. Hedge funds and different institutional traders personal 76.99% of the corporate’s inventory.
Analyst Rankings Modifications
Numerous analysts lately issued experiences on PPL shares. Wells Fargo & Firm elevated their goal value on shares of PPL from $35.00 to $37.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, September sixteenth. Jefferies Monetary Group began protection on shares of PPL in a analysis report on Thursday, September nineteenth. They set a “purchase” ranking and a $38.00 goal value for the corporate. Barclays elevated their goal value on shares of PPL from $30.00 to $34.00 and gave the inventory an “equal weight” ranking in a analysis report on Monday, October twenty first. JPMorgan Chase & Co. started protection on shares of PPL in a analysis report on Friday, October twenty fifth. They set an “chubby” ranking and a $37.00 goal value for the corporate. Lastly, Morgan Stanley elevated their value goal on shares of PPL from $31.00 to $33.00 and gave the corporate an “chubby” ranking in a analysis report on Friday, August twenty third. Three equities analysis analysts have rated the inventory with a maintain ranking and eight have assigned a purchase ranking to the corporate. In response to knowledge from MarketBeat, PPL presently has a median ranking of “Reasonable Purchase” and a consensus value goal of $35.50.
Examine Out Our Newest Report on PPL
PPL Inventory Efficiency
PPL inventory opened at $32.59 on Wednesday. The inventory has a market cap of $24.04 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of two.70 and a beta of 0.81. The corporate has a present ratio of 1.29, a fast ratio of 1.07 and a debt-to-equity ratio of 1.17. The inventory has a 50 day shifting common of $32.35 and a 200-day shifting common of $30.14. PPL Co. has a 52 week low of $24.93 and a 52 week excessive of $33.38.
PPL (NYSE:PPL – Get Free Report) final launched its earnings outcomes on Friday, November 1st. The utilities supplier reported $0.42 EPS for the quarter, assembly the consensus estimate of $0.42. The corporate had income of $2.07 billion through the quarter, in comparison with analysts’ expectations of $2.10 billion. PPL had a return on fairness of 9.20% and a web margin of 9.95%. The enterprise’s income was up 1.1% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise posted $0.43 EPS. On common, analysts anticipate that PPL Co. will publish 1.72 EPS for the present fiscal yr.
PPL Dividend Announcement
The corporate additionally lately disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Traders of document on Tuesday, September tenth had been paid a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of three.16%. The ex-dividend date was Tuesday, September tenth. PPL’s dividend payout ratio (DPR) is presently 91.97%.
PPL Firm Profile
PPL Company, an vitality firm, focuses on offering electrical energy and pure gasoline to roughly 3.6 million clients in america. It operates by three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The corporate delivers electrical energy to clients in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers pure gasoline to clients in Kentucky and Rhode Island; and generates electrical energy from energy vegetation in Kentucky.
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