Yoffe Investment Management LLC Buys Shares of 10,100 PPL Co. (NYSE:PPL)

Yoffe Investment Management LLC purchased a new position in PPL Co. (NYSE:PPL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,100 shares of the utilities provider's stock, valued at approximately $328,000.

A number of other large investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in PPL by 2.4% in the 4th 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 in the last quarter. Norinchukin Bank The lifted its holdings in PPL by 1.1% in the 4th quarter. Norinchukin Bank The now owns 28,002 shares of the utilities provider's stock worth $909,000 after purchasing an additional 299 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in PPL by 4.7% in the 4th 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 in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of PPL by 0.4% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 78,296 shares of the utilities provider's stock worth $2,480,000 after acquiring an additional 313 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of PPL by 0.9% during the 4th quarter. Choreo LLC now owns 37,622 shares of the utilities provider's stock worth $1,230,000 after acquiring an additional 322 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

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

PPL Trading Up 0.9%

Shares of NYSE PPL traded up $0.30 during trading on Friday, reaching $34.72. The stock had a trading volume of 5,617,847 shares, compared to its average volume of 4,970,951. 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 quick ratio of 0.71 and a current ratio of 0.86. The business's 50-day moving average price is $35.17 and its 200-day moving average price is $34.15. The company has a market cap of $25.67 billion, a P/E ratio of 28.69, a PEG ratio of 2.77 and a beta of 0.70.

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

PPL Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, June 10th. PPL's dividend payout ratio (DPR) is 80.74%.

PPL 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.