Roffman Miller Associates Inc. PA Has $9.60 Million Position in PPL Corporation (NYSE:PPL)

Roffman Miller Associates Inc. PA increased its position in shares of PPL Corporation (NYSE:PPL - Free Report) by 19.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,963 shares of the utilities provider's stock after acquiring an additional 42,856 shares during the quarter. Roffman Miller Associates Inc. PA's holdings in PPL were worth $9,604,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of PPL by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 17,677,941 shares of the utilities provider's stock valued at $572,300,000 after acquiring an additional 500,058 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PPL by 17.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,088 shares of the utilities provider's stock valued at $2,824,000 after acquiring an additional 11,782 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of PPL by 45.0% during the first quarter. Oppenheimer & Co. Inc. now owns 30,603 shares of the utilities provider's stock valued at $1,105,000 after acquiring an additional 9,503 shares during the period. Heartland Bank & Trust Co acquired a new position in shares of PPL during the first quarter valued at $992,000. Finally, Aviso Wealth Management bought a new stake in PPL in the fourth quarter valued at about $256,000. Institutional investors and hedge funds own 76.99% of the company's stock.

Insider Transactions at PPL

In related news, COO David J. Bonenberger sold 1,767 shares of PPL stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $34.98, for a total value of $61,809.66. Following the sale, the chief operating officer owned 45,485 shares of the company's stock, valued at approximately $1,591,065.30. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company's stock.

Wall Street Analyst Weigh In

PPL has been the topic of several analyst reports. UBS Group increased their target price on PPL from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Guggenheim increased their target price on PPL from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Barclays raised PPL from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen raised PPL from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Morgan Stanley cut their target price on PPL from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, PPL has a consensus rating of "Buy" and an average price target of $36.70.

PPL Stock Up 1.6%

Shares of NYSE PPL traded up $0.56 during mid-day trading on Thursday, reaching $34.32. 3,154,897 shares of the company's stock were exchanged, compared to its average volume of 4,950,974. The firm has a market capitalization of $25.37 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.47 and a beta of 0.64. 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 business has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $34.20. PPL Corporation has a twelve month low of $27.29 and a twelve month high of $36.70.

PPL (NYSE:PPL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.60 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 9.14% and a net margin of 11.49%. PPL's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, equities analysts expect that PPL Corporation will post 1.83 EPS for the current fiscal year.

PPL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, June 10th. PPL's dividend 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.