Catalytic Wealth RIA LLC Sells 428 Shares of PPL Co. (NYSE:PPL)

Catalytic Wealth RIA LLC trimmed its holdings in shares of PPL Co. (NYSE:PPL) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,047 shares of the utilities provider’s stock after selling 428 shares during the period. Catalytic Wealth RIA LLC’s holdings in PPL were worth $465,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Leelyn Smith LLC increased its stake in PPL by 0.4% in the second quarter. Leelyn Smith LLC now owns 79,887 shares of the utilities provider’s stock valued at $2,209,000 after acquiring an additional 331 shares during the last quarter. TFC Financial Management Inc. increased its stake in PPL by 15.7% in the second quarter. TFC Financial Management Inc. now owns 2,611 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 355 shares during the last quarter. Centennial Wealth Advisory LLC increased its stake in PPL by 3.4% in the second quarter. Centennial Wealth Advisory LLC now owns 11,250 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 366 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of PPL by 3.1% during the third quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock worth $409,000 after buying an additional 370 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of PPL by 1.4% during the third quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock worth $869,000 after buying an additional 370 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors and hedge funds.

PPL Trading Up 1.2 %

PPL opened at $33.47 on Tuesday. PPL Co. has a 1-year low of $24.93 and a 1-year high of $33.58. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17. The company has a market cap of $24.70 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.81. The company has a fifty day moving average price of $32.40 and a two-hundred day moving average price of $30.25.

PPL (NYSE:PPL) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. PPL had a net margin of 9.95% and a return on equity of 9.20%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Analysts predict that PPL Co. will post 1.72 EPS for the current fiscal year.

PPL Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, September 10th. PPL’s payout ratio is presently 91.97%.

Analyst Ratings Changes

A number of research firms have weighed in on PPL. Jefferies Financial Group began coverage on shares of PPL in a research note on Thursday, September 19th. They set a “buy” rating and a $38.00 target price on the stock. Bank of America boosted their target price on shares of PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. initiated coverage on shares of PPL in a report on Friday, October 25th. They set an “overweight” rating and a $37.00 price target on the stock. Barclays lifted their price target on shares of PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Morgan Stanley lifted their price target on shares of PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.