Encompass Wealth Advisors LLC Takes Position in PPL Co. (NYSE:PPL)
Encompass Wealth Advisors LLC acquired a new stake in PPL Co. (NYSE:PPL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,981 shares of the utilities provider’s stock, valued at approximately $56,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in shares of PPL in the 4th quarter valued at about $27,000. Jeppson Wealth Management LLC bought a new position in shares of PPL in the 3rd quarter valued at about $30,000. Private Capital Group LLC grew its holdings in shares of PPL by 94.3% in the 4th quarter. Private Capital Group LLC now owns 1,059 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 514 shares in the last quarter. Liberty Wealth Management LLC grew its holdings in shares of PPL by 88.3% in the 4th quarter. Liberty Wealth Management LLC now owns 1,164 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 546 shares in the last quarter. Finally, TD Ameritrade Investment Management LLC bought a new position in shares of PPL in the 4th quarter valued at about $32,000. Institutional investors own 67.15% of the company’s stock.
In other news, EVP Joanne H. Raphael sold 4,589 shares of the company’s stock in a transaction dated Tuesday, January 26th. The shares were sold at an average price of $28.12, for a total transaction of $129,042.68. Following the transaction, the executive vice president now owns 53,313 shares in the company, valued at $1,499,161.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Sorgi sold 26,561 shares of the company’s stock in a transaction dated Monday, January 25th. The shares were sold at an average price of $27.64, for a total transaction of $734,146.04. Following the transaction, the chief executive officer now owns 53,983 shares in the company, valued at approximately $1,492,090.12. The disclosure for this sale can be found here. Insiders have sold 35,897 shares of company stock worth $996,674 in the last quarter. Company insiders own 0.20% of the company’s stock.
NYSE PPL opened at $29.00 on Thursday. The firm’s fifty day moving average price is $28.15 and its two-hundred day moving average price is $28.11. The stock has a market cap of $22.30 billion, a PE ratio of 14.36 and a beta of 0.72. PPL Co. has a fifty-two week low of $23.71 and a fifty-two week high of $30.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.43 and a current ratio of 0.50.
PPL (NYSE:PPL) last posted its earnings results on Wednesday, February 17th. The utilities provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). The company had revenue of $1.93 billion for the quarter. PPL had a return on equity of 13.76% and a net margin of 21.93%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. As a group, sell-side analysts predict that PPL Co. will post 2.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Wednesday, March 10th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $1.66 dividend on an annualized basis and a yield of 5.72%. PPL’s dividend payout ratio (DPR) is currently 67.76%.
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.
Featured Story: What is a recession?
Want to see what other hedge funds are holding PPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPL Co. (NYSE:PPL).
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.