Lido Advisors LLC Has $5.62 Million Stock Position in PPL Co. (NYSE:PPL)

Lido Advisors LLC boosted its stake in shares of PPL Co. (NYSE:PPL - Free Report) by 72.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,768 shares of the utilities provider's stock after acquiring an additional 71,951 shares during the quarter. Lido Advisors LLC's holdings in PPL were worth $5,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in shares of 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 in the last quarter. Norinchukin Bank The boosted its position in PPL by 1.1% in the 4th quarter. Norinchukin Bank The now owns 28,002 shares of the utilities provider's stock valued at $909,000 after buying an additional 299 shares during the last quarter. Opal Wealth Advisors LLC increased its stake in shares of PPL by 4.7% in the 4th quarter. Opal Wealth Advisors LLC now owns 6,797 shares of the utilities provider's stock valued at $221,000 after buying an additional 305 shares during the period. Arkfeld Wealth Strategies L.L.C. raised its position in shares of PPL by 0.4% during the fourth 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 during the last quarter. Finally, Choreo LLC lifted its stake in shares of PPL by 0.9% during the fourth quarter. Choreo LLC now owns 37,622 shares of the utilities provider's stock valued at $1,230,000 after acquiring an additional 322 shares during the period. 76.99% of the stock is owned by institutional investors.

Insider Buying and Selling at PPL

In other PPL news, insider Christine M. Martin sold 1,146 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $34.78, for a total value of $39,857.88. Following the completion of the transaction, the insider now directly owns 37,167 shares in the company, valued at $1,292,668.26. This trade represents a 2.99 % 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. Company insiders own 0.22% of the company's stock.

PPL Stock Up 0.3 %

Shares of NYSE PPL traded up $0.11 during mid-day trading on Friday, reaching $36.19. 5,342,331 shares of the company's stock were exchanged, compared to its average volume of 4,927,307. PPL Co. has a twelve month low of $27.24 and a twelve month high of $36.70. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.77 and a beta of 0.65. The business has a fifty day simple moving average of $35.08 and a 200 day simple moving average of $33.84.

PPL (NYSE:PPL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.15 billion. PPL had a net margin of 10.49% and a return on equity of 8.88%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. As a group, equities analysts expect that PPL Co. will post 1.83 EPS for the current fiscal year.

PPL Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from PPL's previous quarterly dividend of $0.26. PPL's dividend payout ratio (DPR) is currently 90.08%.

Wall Street Analysts Forecast Growth

PPL has been the subject of a number of research reports. StockNews.com lowered PPL from a "hold" rating to a "sell" rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of PPL from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. UBS Group raised their price objective on shares of PPL from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays upped their target price on shares of PPL from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 25th. Finally, Citigroup upgraded PPL from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.09.

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.