Greenfield Savings Bank Sells 387 Shares of PPL Co. (NYSE:PPL)

Greenfield Savings Bank lessened its holdings in PPL Co. (NYSE:PPL) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,911 shares of the utilities provider’s stock after selling 387 shares during the quarter. Greenfield Savings Bank’s holdings in PPL were worth $224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Great Valley Advisor Group Inc. lifted its stake in shares of PPL by 1.7% in the third quarter. Great Valley Advisor Group Inc. now owns 17,696 shares of the utilities provider’s stock worth $585,000 after buying an additional 301 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in shares of PPL by 2.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 14,848 shares of the utilities provider’s stock worth $491,000 after buying an additional 348 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of PPL by 3.1% in the third quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock worth $409,000 after buying an additional 370 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of PPL by 1.4% in the third quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock worth $869,000 after buying an additional 370 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its stake in shares of PPL by 3.8% in the third quarter. Centennial Wealth Advisory LLC now owns 11,678 shares of the utilities provider’s stock worth $386,000 after buying an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

PPL Trading Down 0.2 %

Shares of PPL stock opened at $31.68 on Tuesday. The firm has a market cap of $23.38 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.78 and a beta of 0.83. The business has a 50-day moving average price of $33.08 and a 200-day moving average price of $31.75. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.17. PPL Co. has a twelve month low of $25.35 and a twelve month high of $35.15.

PPL (NYSE:PPL) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. PPL had a return on equity of 9.20% and a net margin of 9.95%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Equities research analysts anticipate that PPL Co. will post 1.72 EPS for the current fiscal year.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were given a $0.2575 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.03 annualized dividend and a yield of 3.25%. PPL’s dividend payout ratio is currently 91.96%.

Insiders Place Their Bets

In other PPL news, insider John R. Crockett III sold 9,161 shares of PPL stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $34.35, for a total value of $314,680.35. Following the transaction, the insider now directly owns 12,434 shares of the company’s stock, valued at approximately $427,107.90. The trade was a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tadd J. Henninger sold 6,639 shares of PPL stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $32.16, for a total transaction of $213,510.24. Following the completion of the transaction, the senior vice president now directly owns 11,210 shares in the company, valued at $360,513.60. This represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PPL shares. Citigroup increased their price objective on shares of PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. BMO Capital Markets started coverage on shares of PPL in a report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. Bank of America raised their price objective on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. began coverage on shares of PPL in a report on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price for the company. Finally, Wells Fargo & Company raised their price target on PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PPL has an average rating of “Moderate Buy” and an average target price of $34.09.

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.