First County Bank CT Has $608,000 Holdings in PPL Co. (NYSE:PPL)

First County Bank CT lowered its position in PPL Co. (NYSE:PPL) by 27.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,391 shares of the utilities provider’s stock after selling 6,802 shares during the period. First County Bank CT’s holdings in PPL were worth $608,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PPL. Leelyn Smith LLC grew its holdings in PPL by 0.4% during the 2nd quarter. Leelyn Smith LLC now owns 79,887 shares of the utilities provider’s stock worth $2,209,000 after acquiring an additional 331 shares during the period. TFC Financial Management Inc. grew its stake in PPL by 15.7% during the second quarter. TFC Financial Management Inc. now owns 2,611 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 355 shares during the period. Centennial Wealth Advisory LLC increased its holdings in PPL by 3.4% in the second quarter. Centennial Wealth Advisory LLC now owns 11,250 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 366 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in PPL by 3.1% in the third quarter. Valeo Financial Advisors LLC now owns 12,360 shares of the utilities provider’s stock valued at $409,000 after buying an additional 370 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of PPL by 1.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 26,264 shares of the utilities provider’s stock worth $869,000 after buying an additional 370 shares in the last quarter. 76.99% of the stock is owned by institutional investors.

PPL Stock Up 1.7 %

PPL opened at $34.85 on Friday. PPL Co. has a 12 month low of $25.35 and a 12 month high of $34.89. The company has a market cap of $25.71 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 2.94 and a beta of 0.81. 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 issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that PPL Co. will post 1.72 EPS for the current year.

Analysts Set New Price Targets

PPL has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Barclays increased their price objective on shares of PPL from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Bank of America increased their price target on PPL from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group assumed coverage on PPL in a report on Thursday, September 19th. They set a “buy” rating and a $38.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on shares of PPL in a research note on Friday, October 25th. They set an “overweight” rating and a $37.00 price target for the company. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PPL presently has an average rating of “Moderate Buy” and a consensus target price 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.