Frank Rimerman Advisors LLC Has $366,000 Stock Holdings in PPL Co. (NYSE:PPL)

Frank Rimerman Advisors LLC lifted its stake in PPL Co. (NYSE:PPL) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 11,272 shares of the utilities provider’s stock after buying an additional 329 shares during the period. Frank Rimerman Advisors LLC’s holdings in PPL were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Trust Co acquired a new stake in shares of PPL in the fourth quarter worth $32,000. Rosenberg Matthew Hamilton grew its stake in shares of PPL by 1,092.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,114 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of PPL by 84.5% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 579 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of PPL in the fourth quarter worth $49,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of PPL by 69.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,072 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 846 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Stock Up 2.3 %

Shares of NYSE PPL opened at $34.95 on Monday. The stock has a market cap of $25.80 billion, a PE ratio of 28.88, a PEG ratio of 2.77 and a beta of 0.76. The business has a fifty day moving average of $33.69 and a two-hundred day moving average of $33.10. PPL Co. has a 52-week low of $25.93 and a 52-week high of $35.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.71 and a current ratio of 0.86.

PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.09 billion. PPL had a net margin of 10.49% and a return on equity of 8.88%. As a group, equities research analysts expect that PPL Co. will post 1.83 earnings per share for the current fiscal year.

PPL Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.12%. This is a boost from PPL’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, March 10th. PPL’s payout ratio is currently 90.08%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PPL shares. Citigroup upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Jefferies Financial Group reduced their target price on PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Barclays raised their target price on PPL from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets initiated coverage on PPL in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 target price for the company. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.70.

Insider Activity at PPL

In related news, SVP Tadd J. Henninger sold 6,639 shares of PPL stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $32.16, for a total value of $213,510.24. Following the completion of the sale, the senior vice president now directly owns 11,210 shares in the company, valued at $360,513.60. This trade represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christine M. Martin sold 1,146 shares of PPL stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $34.78, for a total value of $39,857.88. Following the completion of the sale, the insider now owns 37,167 shares of the company’s stock, valued at approximately $1,292,668.26. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,779 shares of company stock valued at $386,515 over the last ninety days. 0.22% of the stock is owned by insiders.

PPL 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.