PPL Co. (NYSE:PPL) Shares Sold by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. trimmed its position in shares of PPL Co. (NYSE:PPL) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,747 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Borer Denton & Associates Inc.’s holdings in PPL were worth $289,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in PPL by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,407 shares of the utilities provider’s stock worth $215,430,000 after purchasing an additional 55,594 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of PPL by 25.3% in the 2nd quarter. Clearbridge Investments LLC now owns 5,890,854 shares of the utilities provider’s stock valued at $162,882,000 after buying an additional 1,189,339 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of PPL by 91.3% in the second quarter. Point72 Asset Management L.P. now owns 5,821,936 shares of the utilities provider’s stock valued at $160,977,000 after buying an additional 2,778,820 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PPL by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,766,887 shares of the utilities provider’s stock worth $157,689,000 after acquiring an additional 35,317 shares during the period. Finally, Electron Capital Partners LLC raised its position in PPL by 71.3% in the second quarter. Electron Capital Partners LLC now owns 4,306,007 shares of the utilities provider’s stock worth $119,061,000 after acquiring an additional 1,792,200 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

PPL Stock Performance

PPL stock opened at $34.45 on Friday. PPL Co. has a fifty-two week low of $25.35 and a fifty-two week high of $35.00. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.00 and a beta of 0.81. The stock has a fifty day moving average of $32.75 and a two-hundred day moving average of $30.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.07 and a current ratio of 1.29.

PPL (NYSE:PPL) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.10 billion. PPL had a return on equity of 9.20% and a net margin of 9.95%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, analysts anticipate that PPL Co. will post 1.72 EPS for the current fiscal year.

PPL Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, December 10th. PPL’s payout ratio is 91.97%.

Analyst Ratings Changes

Several brokerages have commented on PPL. Barclays boosted their target price on shares of PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of PPL from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Morgan Stanley increased their target price on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. began coverage on PPL in a research note on Friday, October 25th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on PPL in a research note on Thursday, September 19th. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

PPL Company Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.