Centennial Wealth Advisory LLC Acquires 428 Shares of PPL Co. (NYSE:PPL)

by · The Cerbat Gem

Centennial Wealth Advisory LLC increased its holdings in shares of PPL Co. (NYSE:PPL – Free Report) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,678 shares of the utilities provider’s stock after purchasing an additional 428 shares during the period. Centennial Wealth Advisory LLC’s holdings in PPL were worth $386,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in PPL by 195.5% during the third quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 516 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in PPL in the second quarter worth approximately $29,000. Redwood Wealth Management Group LLC bought a new position in PPL in the second quarter worth approximately $29,000. Lynx Investment Advisory bought a new position in PPL in the second quarter worth approximately $38,000. Finally, Family Firm Inc. bought a new position in PPL in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analyst Ratings Changes

PPL has been the topic of a number of recent research reports. Morgan Stanley raised their target price on PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America raised their target price on PPL from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group assumed coverage on PPL in a report on Thursday, September 19th. They issued a “buy” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on PPL in a report on Friday, October 25th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Barclays lifted their price target on PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Check Out Our Latest Research Report on PPL

PPL Stock Up 0.0 %

PPL stock traded up $0.01 during midday trading on Wednesday, hitting $32.60. The company’s stock had a trading volume of 361,676 shares, compared to its average volume of 4,830,896. The company has a market cap of $24.05 billion, a PE ratio of 29.10, a P/E/G ratio of 2.70 and a beta of 0.81. PPL Co. has a 12 month low of $24.93 and a 12 month high of $33.38. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17. The firm’s 50-day moving average is $32.35 and its 200-day moving average is $30.14.

PPL (NYSE:PPL – Get Free Report) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.10 billion. PPL had a return on equity of 9.20% and a net margin of 9.95%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities research analysts forecast that PPL Co. will post 1.72 earnings per share for the current fiscal year.

PPL Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.2575 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.16%. PPL’s payout ratio is currently 91.97%.

PPL Profile

(Free Report)

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.

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