PPL Co. (NYSE:PPL) Shares Acquired by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC grew its stake in PPL Co. (NYSE:PPL) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,153 shares of the utilities provider’s stock after buying an additional 570 shares during the period. Alliance Wealth Advisors LLC’s holdings in PPL were worth $654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in 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 buying an additional 516 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of PPL in the 3rd quarter valued at $34,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PPL by 1,092.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,216 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,114 shares in the last quarter. Newton One Investments LLC bought a new stake in PPL during the 4th quarter worth about $49,000. Finally, Covestor Ltd raised its holdings in shares of PPL by 139.2% in the 3rd quarter. Covestor Ltd now owns 1,512 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 880 shares during the period. Institutional investors and hedge funds own 76.99% of the company’s stock.

Insiders Place Their Bets

In other PPL news, COO David J. Bonenberger sold 981 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.48, for a total value of $32,843.88. Following the completion of the sale, the chief operating officer now owns 45,414 shares in the company, valued at approximately $1,520,460.72. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tadd J. Henninger sold 1,424 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $33.48, for a total value of $47,675.52. Following the transaction, the senior vice president now owns 11,259 shares of the company’s stock, valued at approximately $376,951.32. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,794 shares of company stock valued at $661,338 in the last quarter. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

PPL has been the topic of several research analyst reports. Barclays reduced their price objective on PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Citigroup raised their price target on shares of PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Bank of America raised their target price on PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, November 4th. BMO Capital Markets started coverage on PPL in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on PPL in a research report on Friday, October 25th. They set an “overweight” rating and a $37.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

PPL Stock Performance

Shares of PPL stock opened at $34.12 on Friday. The company has a market capitalization of $25.18 billion, a P/E ratio of 30.46, a PEG ratio of 2.75 and a beta of 0.83. PPL Co. has a fifty-two week low of $25.35 and a fifty-two week high of $35.15. 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 stock has a 50 day moving average price of $32.84 and a two-hundred day moving average price of $32.40.

PPL Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were given a dividend of $0.2575 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.03 annualized dividend and a yield of 3.02%. PPL’s payout ratio is currently 91.97%.

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.