PPL Corporation (NYSE:PPL) Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA boosted its stake in shares of PPL Corporation (NYSE:PPL - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 265,963 shares of the utilities provider's stock after purchasing an additional 42,856 shares during the period. Roffman Miller Associates Inc. PA's holdings in PPL were worth $9,604,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PPL. Summit Securities Group LLC purchased a new position in PPL during the fourth quarter worth approximately $26,000. Pinnacle Bancorp Inc. lifted its holdings in PPL by 141.0% during the first quarter. Pinnacle Bancorp Inc. now owns 723 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 423 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in PPL in the 4th quarter valued at about $32,000. HM Payson & Co. raised its holdings in shares of PPL by 1,057.6% during the first quarter. HM Payson & Co. now owns 984 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 899 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position 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 valued at $41,000 after acquiring an additional 579 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company's stock.

PPL Trading Down 0.3%

NYSE PPL traded down $0.11 during trading hours on Monday, reaching $33.70. The company had a trading volume of 2,797,821 shares, compared to its average volume of 4,969,038. PPL Corporation has a 1-year low of $27.24 and a 1-year high of $36.70. The stock has a market capitalization of $24.91 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 2.49 and a beta of 0.64. The stock has a 50-day moving average of $34.52 and a 200 day moving average of $34.20. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.11.

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 analysts' consensus estimates of $0.53 by $0.07. PPL had a return on equity of 9.14% and a net margin of 11.49%. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The company's revenue was up 8.7% on a year-over-year basis. As a group, research analysts anticipate that PPL Corporation will post 1.83 earnings per share for the current fiscal year.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were paid a $0.2725 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.09 annualized dividend and a yield of 3.23%. PPL's dividend payout ratio is currently 80.74%.

Insider Buying and Selling at PPL

In other news, COO David J. Bonenberger sold 1,767 shares of PPL stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $34.98, for a total value of $61,809.66. Following the transaction, the chief operating officer directly owned 45,485 shares of the company's stock, valued at $1,591,065.30. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley reduced their price objective on PPL from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Guggenheim boosted their price target on shares of PPL from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. UBS Group increased their price objective on shares of PPL from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Wall Street Zen upgraded PPL from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, Citigroup upgraded PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.70.

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.