One Wealth Advisors LLC Purchases Shares of 7,084 PPL Corporation (NYSE:PPL)

One Wealth Advisors LLC acquired a new stake in shares of PPL Corporation (NYSE:PPL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,084 shares of the utilities provider's stock, valued at approximately $257,000.

A number of other institutional investors have also modified their holdings of the business. Pinnacle Bancorp Inc. grew its position in PPL by 141.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider's stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Summit Securities Group LLC bought a new position in PPL in the 4th quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. grew its position in PPL by 94.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 818 shares of the utilities provider's stock worth $30,000 after purchasing an additional 397 shares during the last quarter. TruNorth Capital Management LLC bought a new position in PPL in the 1st quarter worth about $32,000. Finally, HM Payson & Co. grew its position in PPL by 1,057.6% in the 1st quarter. HM Payson & Co. now owns 984 shares of the utilities provider's stock worth $36,000 after purchasing an additional 899 shares during the last quarter. Institutional investors own 76.99% of the company's stock.

Insider Activity at PPL

In other news, COO David J. Bonenberger sold 1,767 shares of the stock in a transaction on 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 owned 45,485 shares in the company, valued at $1,591,065.30. This represents a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.28% of the company's stock.

PPL Price Performance

PPL stock traded up $0.01 on Friday, hitting $36.59. 3,422,718 shares of the company's stock traded hands, compared to its average volume of 6,195,306. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.11. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.62 and a beta of 0.64. PPL Corporation has a 1-year low of $29.25 and a 1-year high of $36.99. The stock has a fifty day moving average of $34.45 and a 200-day moving average of $34.48.

PPL (NYSE:PPL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.53 by $0.07. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.15 billion. PPL had a net margin of 11.49% and a return on equity of 9.14%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, analysts forecast that PPL Corporation will post 1.83 EPS for the current fiscal year.

PPL Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were given a $0.2725 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.09 annualized dividend and a dividend yield of 2.98%. PPL's dividend payout ratio (DPR) is presently 80.74%.

Analysts Set New Price Targets

Several research analysts have commented on PPL shares. Wall Street Zen upgraded shares of PPL from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Barclays raised shares of PPL from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 7th. Guggenheim upped their price target on shares of PPL from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley reduced their price target on shares of PPL from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $36.70.

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.