Anchor Capital Advisors LLC increased its position in shares of PPL Corp (NYSE:PPL) by 7.6% during the first quarter, HoldingsChannel.com reports. The fund owned 1,139,153 shares of the utilities provider’s stock after acquiring an additional 80,136 shares during the quarter. PPL accounts for approximately 0.8% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 24th largest position. Anchor Capital Advisors LLC’s holdings in PPL were worth $36,157,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC grew its holdings in PPL by 0.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,168,987 shares of the utilities provider’s stock valued at $34,205,000 after purchasing an additional 7,659 shares during the last quarter. Morgan Stanley grew its holdings in PPL by 96.7% during the 3rd quarter. Morgan Stanley now owns 4,130,706 shares of the utilities provider’s stock valued at $120,864,000 after purchasing an additional 2,030,363 shares during the last quarter. IFP Advisors Inc grew its holdings in PPL by 6.6% during the 4th quarter. IFP Advisors Inc now owns 24,005 shares of the utilities provider’s stock valued at $681,000 after purchasing an additional 1,479 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in PPL during the 4th quarter valued at about $3,299,000. Finally, IFM Investors Pty Ltd boosted its position in PPL by 11.7% in the 4th quarter. IFM Investors Pty Ltd now owns 40,126 shares of the utilities provider’s stock valued at $1,137,000 after buying an additional 4,195 shares during the period. 72.43% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman William H. Spence sold 225,365 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $32.50, for a total value of $7,324,362.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.
PPL stock opened at $30.36 on Friday. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 2.50 and a beta of 0.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.60 and a quick ratio of 0.53. PPL Corp has a 1 year low of $25.30 and a 1 year high of $32.88.
PPL (NYSE:PPL) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.03). PPL had a net margin of 23.79% and a return on equity of 14.52%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm earned $0.74 earnings per share. PPL’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts expect that PPL Corp will post 2.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be given a $0.4125 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.65 annualized dividend and a dividend yield of 5.43%. PPL’s payout ratio is presently 68.75%.
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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