Nissay Asset Management Corp Japan ADV Decreases Stock Position in PPL Co. (NYSE:PPL)

Nissay Asset Management Corp Japan ADV cut its holdings in PPL Co. (NYSE:PPL) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,659 shares of the utilities provider’s stock after selling 1,857 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in PPL were worth $2,211,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. First National Bank of South Miami increased its holdings in shares of PPL by 115.3% in the 1st quarter. First National Bank of South Miami now owns 1,576 shares of the utilities provider’s stock worth $46,000 after buying an additional 844 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of PPL by 46.8% in the 1st quarter. Rockefeller Capital Management L.P. now owns 157,086 shares of the utilities provider’s stock worth $4,529,000 after buying an additional 50,099 shares during the last quarter. Samalin Investment Counsel LLC increased its holdings in shares of PPL by 32.1% in the 1st quarter. Samalin Investment Counsel LLC now owns 26,901 shares of the utilities provider’s stock worth $775,000 after buying an additional 6,544 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of PPL by 12.4% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 26,180 shares of the utilities provider’s stock worth $755,000 after buying an additional 2,889 shares during the last quarter. Finally, Keystone Financial Group increased its holdings in shares of PPL by 4.9% in the 1st quarter. Keystone Financial Group now owns 13,941 shares of the utilities provider’s stock worth $402,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.

Shares of PPL opened at $29.08 on Friday. PPL Co. has a fifty-two week low of $24.20 and a fifty-two week high of $30.81. The stock has a 50 day simple moving average of $29.05. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.30 and a quick ratio of 1.28. The stock has a market cap of $22.37 billion, a PE ratio of -24.44 and a beta of 0.74.

PPL (NYSE:PPL) last posted its earnings results on Thursday, May 6th. The utilities provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.43). PPL had a negative net margin of 14.33% and a positive return on equity of 12.02%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company earned $0.67 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that PPL Co. will post 1.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Thursday, June 10th will be given a dividend of $0.415 per share. The ex-dividend date is Wednesday, June 9th. This represents a $1.66 dividend on an annualized basis and a yield of 5.71%. PPL’s payout ratio is 69.17%.

PPL has been the topic of several analyst reports. Mizuho upped their price target on shares of PPL from $29.50 to $30.00 in a report on Friday, March 19th. Morgan Stanley upped their price target on shares of PPL from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, April 20th. Wolfe Research restated a “peer perform” rating and issued a $29.00 target price on shares of PPL in a research note on Monday, March 15th. TheStreet downgraded shares of PPL from a “b” rating to a “c+” rating in a research note on Thursday, May 6th. Finally, Wells Fargo & Company upped their target price on shares of PPL from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 13th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.00.

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 425,000 electric and 332,000 natural gas customers in Louisville and adjacent areas in Kentucky; 536,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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