Decade Renewable Partners LP Has $12.56 Million Position in PPL Co. (NYSE:PPL)

Decade Renewable Partners LP grew its holdings in PPL Co. (NYSE:PPL - Free Report) by 70.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 386,836 shares of the utilities provider's stock after acquiring an additional 160,421 shares during the quarter. PPL accounts for about 6.1% of Decade Renewable Partners LP's investment portfolio, making the stock its 2nd largest holding. Decade Renewable Partners LP owned about 0.05% of PPL worth $12,557,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PPL. Summit Securities Group LLC acquired a new position in shares of PPL during the fourth quarter worth about $26,000. Kentucky Trust Co bought a new position in shares of PPL during the 4th quarter worth approximately $32,000. Lee Danner & Bass Inc. acquired a new stake in shares of PPL in the fourth quarter valued at approximately $32,000. Rosenberg Matthew Hamilton lifted its position 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 purchasing an additional 1,114 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in PPL by 84.5% during the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the utilities provider's stock worth $41,000 after purchasing an additional 579 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company's stock.

Insider Buying and Selling at PPL

In other news, insider Christine M. Martin sold 1,146 shares of PPL stock in a transaction on Friday, February 28th. The shares were sold at an average price of $34.78, for a total transaction of $39,857.88. Following the transaction, the insider now owns 37,167 shares in the company, valued at approximately $1,292,668.26. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PPL shares. Barclays lifted their target price on PPL from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 25th. UBS Group raised their target price on shares of PPL from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Guggenheim boosted their price target on PPL from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup raised PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. Finally, Morgan Stanley increased their price target on PPL from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.09.

PPL Price Performance

PPL stock traded up $0.11 during midday trading on Friday, reaching $36.19. The company had a trading volume of 5,062,031 shares, compared to its average volume of 4,935,744. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.86 and a quick ratio of 0.71. PPL Co. has a 1-year low of $27.24 and a 1-year high of $36.70. The company has a market capitalization of $26.75 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.77 and a beta of 0.65. The stock has a 50 day moving average price of $35.06 and a 200-day moving average price of $33.81.

PPL (NYSE:PPL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.07. PPL had a net margin of 10.49% and a return on equity of 8.88%. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the firm posted $0.54 earnings per share. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts expect that PPL Co. will post 1.83 earnings per share for the current year.

PPL Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from PPL's previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a yield of 3.01%. PPL's dividend payout ratio (DPR) is 90.08%.

PPL Company 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.