PPL Co. (NYSE:PPL) Shares Sold by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. decreased its position in shares of PPL Co. (NYSE:PPL) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,747 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. Borer Denton & Associates Inc.’s holdings in PPL were worth $251,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kentucky Trust Co acquired a new stake in shares of PPL in the fourth quarter valued at approximately $32,000. Lee Danner & Bass Inc. bought a new stake in PPL during the 4th quarter valued at $32,000. Rosenberg Matthew Hamilton boosted its position in PPL by 1,092.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,114 shares during the period. Larson Financial Group LLC grew its stake in shares of PPL by 84.5% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 579 shares in the last quarter. Finally, Newton One Investments LLC bought a new stake in shares of PPL during the fourth quarter valued at about $49,000. Institutional investors own 76.99% of the company’s stock.

Insider Activity

In other news, insider John R. Crockett III sold 1,589 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $33.12, for a total transaction of $52,627.68. Following the transaction, the insider now owns 10,845 shares in the company, valued at approximately $359,186.40. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David J. Bonenberger sold 981 shares of PPL stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $32,843.88. Following the sale, the chief operating officer now directly owns 45,414 shares in the company, valued at approximately $1,520,460.72. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,140 shares of company stock valued at $173,005. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on PPL shares. 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 report on Thursday, March 20th. UBS Group increased their price target on PPL from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Jefferies Financial Group cut their price objective on PPL from $39.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, December 17th. Barclays upped their price target on shares of PPL from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Finally, Citigroup upgraded shares of PPL from a “hold” rating to a “strong-buy” rating in a report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.27.

PPL Price Performance

Shares of NYSE:PPL opened at $34.09 on Wednesday. The firm has a market cap of $25.17 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 2.77 and a beta of 0.76. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 1.13. PPL Co. has a 1 year low of $25.93 and a 1 year high of $35.91. The business has a fifty day simple moving average of $34.10 and a 200 day simple moving average of $33.24.

PPL (NYSE:PPL) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). PPL had a return on equity of 8.88% and a net margin of 10.49%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.09 billion. As a group, sell-side analysts predict that PPL Co. will post 1.83 earnings per share for the current fiscal year.

PPL Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.2725 per share. This is a positive change from PPL’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.09 dividend on an annualized basis and a yield of 3.20%. PPL’s payout ratio is currently 90.08%.

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.