International Private Wealth Advisors LLC Sells 494 Shares of PPL Co. (NYSE:PPL)

International Private Wealth Advisors LLC decreased its position in PPL Co. (NYSE:PPL) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,279 shares of the utilities provider’s stock after selling 494 shares during the quarter. International Private Wealth Advisors LLC’s holdings in PPL were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Leelyn Smith LLC boosted its holdings in shares of PPL by 0.4% in the 2nd quarter. Leelyn Smith LLC now owns 79,887 shares of the utilities provider’s stock worth $2,209,000 after purchasing an additional 331 shares during the period. TFC Financial Management Inc. boosted its holdings in shares of PPL by 15.7% in the 2nd quarter. TFC Financial Management Inc. now owns 2,611 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 355 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in shares of PPL by 3.4% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 11,250 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 366 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of PPL by 3.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 370 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of PPL by 1.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock worth $869,000 after purchasing an additional 370 shares during the period. Institutional investors own 76.99% of the company’s stock.

PPL Stock Down 0.1 %

Shares of PPL traded down $0.04 during midday trading on Thursday, reaching $33.45. 274,911 shares of the stock were exchanged, compared to its average volume of 4,844,457. PPL Co. has a 52 week low of $25.35 and a 52 week high of $33.60. 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’s 50 day moving average is $32.48 and its two-hundred day moving average is $30.36. The company has a market capitalization of $24.69 billion, a P/E ratio of 29.90, a PEG ratio of 2.84 and a beta of 0.81.

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

PPL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, September 10th. PPL’s dividend payout ratio (DPR) is currently 91.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PPL shares. Wells Fargo & Company lifted their target price on PPL from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Bank of America lifted their target price on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group assumed coverage on PPL in a report on Thursday, September 19th. They issued a “buy” rating and a $38.00 target price for the company. JPMorgan Chase & Co. assumed coverage on PPL in a research report on Friday, October 25th. They issued an “overweight” rating and a $37.00 price objective on the stock. Finally, Barclays upped their price objective on PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PPL has a consensus rating of “Moderate Buy” and an average 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.