Toronto Dominion Bank increased its holdings in PPL Co. (NYSE:PPL) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 430,421 shares of the utilities provider’s stock after acquiring an additional 67,954 shares during the period. Toronto Dominion Bank’s holdings in PPL were worth $12,138,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PPL. BNP Paribas Arbitrage SA grew its position in PPL by 363.6% in the third quarter. BNP Paribas Arbitrage SA now owns 1,386,117 shares of the utilities provider’s stock worth $37,716,000 after acquiring an additional 1,087,116 shares during the period. AJO LP acquired a new position in PPL during the third quarter worth $14,056,000. Galvin Gaustad & Stein LLC acquired a new position in PPL during the fourth quarter worth $13,835,000. Energy Income Partners LLC lifted its stake in PPL by 17.3% during the third quarter. Energy Income Partners LLC now owns 3,191,538 shares of the utilities provider’s stock worth $86,842,000 after purchasing an additional 470,920 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in PPL by 9.6% during the third quarter. First Trust Advisors LP now owns 3,322,502 shares of the utilities provider’s stock worth $90,405,000 after purchasing an additional 291,204 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

In other news, EVP Joanne H. Raphael sold 4,589 shares of the stock in a transaction that occurred on Tuesday, January 26th. The shares were sold at an average price of $28.12, for a total value of $129,042.68. Following the completion of the transaction, the executive vice president now directly owns 53,313 shares in the company, valued at $1,499,161.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Sorgi sold 26,561 shares of the stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $27.64, for a total transaction of $734,146.04. Following the sale, the chief executive officer now directly owns 53,983 shares of the company’s stock, valued at $1,492,090.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,897 shares of company stock valued at $996,674. 0.20% of the stock is owned by insiders.

Several brokerages have recently issued reports on PPL. Morgan Stanley reduced their price objective on PPL from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 15th. Stifel Nicolaus cut PPL to a “market perform” rating and cut their price target for the company from $36.00 to $34.00 in a research note on Tuesday, December 15th. National Bank Financial cut PPL to a “sector perform” rating in a research note on Monday, November 9th. Credit Suisse Group raised their price target on PPL from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, January 27th. Finally, Wells Fargo & Company cut their price target on PPL from $42.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, November 16th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.93.

Shares of PPL stock opened at $27.48 on Tuesday. PPL Co. has a 12 month low of $18.12 and a 12 month high of $35.61. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.50 and a quick ratio of 0.43. The firm has a market capitalization of $21.13 billion, a P/E ratio of 13.60 and a beta of 0.72. The company’s fifty day moving average price is $27.94 and its two-hundred day moving average price is $28.06.

PPL (NYSE:PPL) last issued its earnings results on Wednesday, February 17th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). PPL had a net margin of 21.93% and a return on equity of 13.76%. During the same quarter last year, the business posted $0.57 earnings per share. On average, sell-side analysts anticipate that PPL Co. will post 2.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 1st. Shareholders of record on Wednesday, March 10th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Tuesday, March 9th. PPL’s dividend payout ratio (DPR) is 67.76%.

About PPL

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 418,000 electric and 329,000 natural gas customers in Louisville and adjacent areas in Kentucky; 530,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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