14,161 Shares in PPL Co. (NYSE:PPL) Bought by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC bought a new position in shares of PPL Co. (NYSE:PPL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,161 shares of the utilities provider's stock, valued at approximately $511,000.

Several other large investors have also added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its holdings in PPL by 2.4% during the fourth quarter. Global Retirement Partners LLC now owns 12,530 shares of the utilities provider's stock worth $407,000 after purchasing an additional 299 shares during the last quarter. Norinchukin Bank The boosted its holdings in PPL by 1.1% during the fourth quarter. Norinchukin Bank The now owns 28,002 shares of the utilities provider's stock worth $909,000 after purchasing an additional 299 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in PPL by 4.7% during the fourth quarter. Opal Wealth Advisors LLC now owns 6,797 shares of the utilities provider's stock worth $221,000 after purchasing an additional 305 shares during the last quarter. Choreo LLC boosted its holdings in PPL by 0.9% during the fourth quarter. Choreo LLC now owns 37,622 shares of the utilities provider's stock worth $1,230,000 after purchasing an additional 322 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in PPL by 3.0% during the fourth quarter. Frank Rimerman Advisors LLC now owns 11,272 shares of the utilities provider's stock worth $366,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company's stock.

Insider Activity

In related news, COO David J. Bonenberger sold 1,767 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $34.98, for a total transaction of $61,809.66. Following the transaction, the chief operating officer now directly owns 45,485 shares of the company's stock, valued at approximately $1,591,065.30. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on PPL shares. Barclays increased their target price on shares of PPL from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 25th. Citigroup raised shares of PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. Morgan Stanley upped their price target on shares of PPL from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. UBS Group upped their price target on shares of PPL from $35.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Wall Street Zen raised shares of PPL from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.90.

PPL Price Performance

Shares of PPL opened at $34.04 on Monday. The firm has a market capitalization of $25.16 billion, a PE ratio of 28.13, a PEG ratio of 2.77 and a beta of 0.65. The company's 50-day moving average is $35.05 and its 200-day moving average is $34.17. PPL Co. has a fifty-two week low of $27.24 and a fifty-two week high of $36.70. 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 (NYSE:PPL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.07. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.15 billion. PPL had a net margin of 10.49% and a return on equity of 8.88%. The company's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts forecast that PPL Co. will post 1.83 EPS for the current year.

PPL Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, June 10th. PPL's payout ratio is presently 80.74%.

About PPL

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.