Prospera Financial Services Inc Has $1.15 Million Stock Holdings in PPL Co. (NYSE:PPL)

Prospera Financial Services Inc grew its holdings in PPL Co. (NYSE:PPL) by 13.9% during the 3rd quarter, Holdings Channel reports. The firm owned 34,674 shares of the utilities provider’s stock after purchasing an additional 4,239 shares during the period. Prospera Financial Services Inc’s holdings in PPL were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Leelyn Smith LLC increased its holdings in PPL by 0.4% in the second quarter. Leelyn Smith LLC now owns 79,887 shares of the utilities provider’s stock valued at $2,209,000 after purchasing an additional 331 shares during the last quarter. TFC Financial Management Inc. increased its stake in shares of PPL by 15.7% in the 2nd quarter. TFC Financial Management Inc. now owns 2,611 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 355 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in shares of PPL by 3.4% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 11,250 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 366 shares during the period. Valeo Financial Advisors LLC raised its stake in PPL by 3.1% during the 3rd 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 during the period. Finally, Exchange Traded Concepts LLC increased its holdings 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 acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Stock Up 1.7 %

NYSE PPL opened at $34.85 on Friday. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.94 and a beta of 0.81. PPL Co. has a 1-year low of $25.35 and a 1-year high of $34.89. 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 company has a 50 day moving average of $32.71 and a 200-day moving average of $30.60.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. 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 price objective on the stock. Barclays increased their price target on PPL from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Bank of America increased their price target on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group initiated coverage on PPL in a report on Thursday, September 19th. They set a “buy” rating and a $38.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PPL currently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

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.