Blake Schutter Theil Wealth Advisors LLC Makes New $301,000 Investment in PPL Co. (NYSE:PPL)

Blake Schutter Theil Wealth Advisors LLC acquired a new position in PPL Co. (NYSE:PPL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,107 shares of the utilities provider’s stock, valued at approximately $301,000.

Several other large investors also recently modified their holdings of PPL. Fortitude Family Office LLC grew its stake in shares of PPL by 195.5% during the 3rd 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 period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of PPL in the second quarter worth approximately $29,000. Redwood Wealth Management Group LLC bought a new stake in PPL during the second quarter valued at approximately $29,000. Lynx Investment Advisory purchased a new stake in PPL during the second quarter valued at approximately $38,000. Finally, Family Firm Inc. bought a new position in PPL in the second quarter worth approximately $38,000. Institutional investors own 76.99% of the company’s stock.

Analyst Ratings Changes

PPL has been the subject of a number of analyst reports. Barclays upped their price target on PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price objective on shares of PPL from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley upped their target price on shares of PPL from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Jefferies Financial Group began coverage on PPL in a report on Thursday, September 19th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Bank of America upped their price objective on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

PPL Stock Down 0.1 %

NYSE PPL opened at $32.56 on Thursday. The stock has a 50 day moving average price of $32.36 and a 200-day moving average price of $30.16. PPL Co. has a one year low of $24.93 and a one year high of $33.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.07 and a current ratio of 1.29. The company has a market capitalization of $24.03 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.74 and a beta of 0.81.

PPL (NYSE:PPL) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the business earned $0.43 earnings per share. PPL’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that PPL Co. will post 1.72 EPS for the current fiscal year.

PPL Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.2575 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.03 annualized dividend and a yield of 3.16%. PPL’s payout ratio is currently 91.96%.

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.