Tidal Investments LLC Has $533,000 Stake in PPL Co. (NYSE:PPL)

Tidal Investments LLC increased its holdings in shares of PPL Co. (NYSE:PPL) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,114 shares of the utilities provider’s stock after acquiring an additional 1,710 shares during the quarter. Tidal Investments LLC’s holdings in PPL were worth $533,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in shares of PPL by 195.5% in the third quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 516 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of PPL during the 2nd quarter worth about $29,000. Redwood Wealth Management Group LLC acquired a new position in PPL in the 2nd quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in PPL in the 3rd quarter valued at about $34,000. Finally, Covestor Ltd increased its stake in shares of PPL by 139.2% during the third quarter. Covestor Ltd now owns 1,512 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 880 shares during the period. Institutional investors own 76.99% of the company’s stock.

Insider Activity at PPL

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

PPL Stock Up 1.3 %

Shares of PPL opened at $32.43 on Monday. The stock’s 50-day moving average price is $33.14 and its two-hundred day moving average price is $31.27. PPL Co. has a 12 month low of $25.35 and a 12 month high of $35.15. The company has a market capitalization of $23.93 billion, a PE ratio of 28.96, a PEG ratio of 2.78 and a beta of 0.82. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.17.

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

PPL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Tuesday, December 10th. PPL’s dividend payout ratio is presently 91.96%.

Analyst Ratings Changes

A number of research analysts have issued reports on PPL shares. Barclays upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 12th. Citigroup increased their price objective on shares of PPL from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Bank of America raised their target price on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, November 4th. BMO Capital Markets initiated coverage on shares of PPL in a report on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on shares of PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.