Daiwa Securities Group Inc. Purchases 6,100 Shares of PPL Corp. (PPL)
Daiwa Securities Group Inc. boosted its position in PPL Corp. (NYSE:PPL) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,200 shares of the company’s stock after buying an additional 6,100 shares during the period. Daiwa Securities Group Inc.’s holdings in PPL Corp. were worth $3,256,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PPL. JFS Wealth Advisors LLC boosted its stake in shares of PPL Corp. by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 5,712 shares of the company’s stock worth $216,000 after buying an additional 16 shares during the period. Essex Financial Services Inc. boosted its stake in shares of PPL Corp. by 0.5% in the second quarter. Essex Financial Services Inc. now owns 6,526 shares of the company’s stock worth $246,000 after buying an additional 34 shares during the period. IFC Holdings Incorporated FL boosted its stake in shares of PPL Corp. by 0.6% in the second quarter. IFC Holdings Incorporated FL now owns 6,383 shares of the company’s stock worth $241,000 after buying an additional 35 shares during the period. QCI Asset Management Inc. NY boosted its stake in shares of PPL Corp. by 1.8% in the second quarter. QCI Asset Management Inc. NY now owns 3,100 shares of the company’s stock worth $117,000 after buying an additional 55 shares during the period. Finally, D Orazio & Associates Inc. boosted its stake in shares of PPL Corp. by 1.0% in the second quarter. D Orazio & Associates Inc. now owns 6,758 shares of the company’s stock worth $255,000 after buying an additional 67 shares during the period. Institutional investors own 69.01% of the company’s stock.
PPL Corp. (NYSE:PPL) traded up 0.12% during mid-day trading on Tuesday, reaching $34.19. The company had a trading volume of 4,035,469 shares. The stock has a 50 day moving average price of $33.41 and a 200 day moving average price of $35.84. The company has a market capitalization of $23.24 billion, a P/E ratio of 12.70 and a beta of 0.41. PPL Corp. has a one year low of $32.08 and a one year high of $39.92.
PPL Corp. (NYSE:PPL) last issued its earnings results on Tuesday, November 1st. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The company earned $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. PPL Corp. had a return on equity of 15.66% and a net margin of 24.59%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. On average, equities analysts expect that PPL Corp. will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. PPL Corp.’s dividend payout ratio is presently 56.30%.
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A number of research analysts have issued reports on PPL shares. Zacks Investment Research raised PPL Corp. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday. Argus decreased their target price on PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Jefferies Group reissued a “hold” rating and issued a $37.00 target price on shares of PPL Corp. in a research note on Tuesday, October 25th. Credit Suisse Group AG reissued a “hold” rating and issued a $44.00 target price on shares of PPL Corp. in a research note on Friday, August 5th. Finally, Bank of America Corp. cut PPL Corp. from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Tuesday, November 22nd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $37.71.
About PPL Corp.
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. It operates through three segments: U.K.
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