Advisory Services Network LLC Acquires 1,723 Shares of PPL Corp (PPL)

Advisory Services Network LLC increased its holdings in PPL Corp (NYSE:PPL) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,112 shares of the utilities provider’s stock after buying an additional 1,723 shares during the period. Advisory Services Network LLC’s holdings in PPL were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. grew its stake in shares of PPL by 0.4% in the third quarter. Cohen & Steers Inc. now owns 97,977 shares of the utilities provider’s stock worth $2,867,000 after purchasing an additional 362 shares during the last quarter. Captrust Financial Advisors boosted its position in PPL by 31.7% during the fourth quarter. Captrust Financial Advisors now owns 1,514 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 364 shares during the last quarter. Nwam LLC raised its holdings in shares of PPL by 2.2% during the fourth quarter. Nwam LLC now owns 18,619 shares of the utilities provider’s stock valued at $527,000 after purchasing an additional 396 shares during the period. Griffin Asset Management Inc. raised its holdings in shares of PPL by 0.4% during the third quarter. Griffin Asset Management Inc. now owns 100,464 shares of the utilities provider’s stock valued at $2,940,000 after purchasing an additional 399 shares during the period. Finally, Ffcm LLC raised its holdings in shares of PPL by 1.5% during the fourth quarter. Ffcm LLC now owns 28,275 shares of the utilities provider’s stock valued at $801,000 after purchasing an additional 412 shares during the period. Institutional investors own 74.70% of the company’s stock.

PPL stock traded down $0.12 during trading hours on Friday, reaching $30.97. The stock had a trading volume of 4,119,473 shares, compared to its average volume of 3,699,020. The firm has a market cap of $22.33 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.54 and a beta of 0.54. PPL Corp has a 52 week low of $25.30 and a 52 week high of $32.88. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.72.

PPL (NYSE:PPL) last announced its earnings results on Thursday, February 14th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.88 billion. PPL had a net margin of 23.47% and a return on equity of 14.91%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, sell-side analysts expect that PPL Corp will post 2.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a dividend of $0.4125 per share. This is a boost from PPL’s previous quarterly dividend of $0.41. This represents a $1.65 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date was Thursday, March 7th. PPL’s dividend payout ratio (DPR) is 68.75%.

PPL has been the topic of several recent analyst reports. Zacks Investment Research cut shares of PPL from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Desjardins restated an “average” rating and set a $52.00 price objective on shares of PPL in a research report on Monday, January 7th. Bank of America cut shares of PPL from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $29.00 to $28.00 in a research report on Monday, January 14th. Evercore ISI cut shares of PPL from an “outperform” rating to an “in-line” rating in a research report on Thursday, February 7th. Finally, SunTrust Banks restated a “buy” rating and set a $35.00 price objective on shares of PPL in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.33.

In related news, Chairman Paul W. Thompson sold 5,637 shares of PPL stock in a transaction dated Wednesday, January 23rd. The shares were sold at an average price of $29.91, for a total transaction of $168,602.67. Following the completion of the transaction, the chairman now directly owns 15,897 shares of the company’s stock, valued at approximately $475,479.27. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman William H. Spence sold 225,365 shares of PPL stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $32.50, for a total transaction of $7,324,362.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 247,851 shares of company stock valued at $8,007,083. 0.34% of the stock is currently owned by corporate insiders.

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PPL Company 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 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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