PPL Co. (NYSE:PPL) Shares Bought by Crewe Advisors LLC

Crewe Advisors LLC grew its position in PPL Co. (NYSE:PPL) by 32.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,039 shares of the utilities provider’s stock after purchasing an additional 1,718 shares during the quarter. Crewe Advisors LLC’s holdings in PPL were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PPL. Sanctuary Advisors LLC boosted its position in shares of PPL by 85.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 111,288 shares of the utilities provider’s stock worth $3,834,000 after acquiring an additional 51,366 shares in the last quarter. Jennison Associates LLC boosted its holdings in PPL by 2.3% in the third quarter. Jennison Associates LLC now owns 4,260,426 shares of the utilities provider’s stock valued at $140,935,000 after purchasing an additional 96,491 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of PPL by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,407 shares of the utilities provider’s stock worth $215,430,000 after buying an additional 55,594 shares during the last quarter. DRW Securities LLC acquired a new position in shares of PPL in the 3rd quarter valued at $1,218,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in PPL during the 3rd quarter worth $916,000. 76.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group cut their price target on shares of PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. BMO Capital Markets assumed coverage on shares of PPL in a research note on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price target on the stock. Citigroup lifted their price target 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 lifted their price objective on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Barclays dropped their price objective on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

PPL Price Performance

Shares of PPL stock opened at $33.94 on Thursday. The firm has a market cap of $25.04 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.71 and a beta of 0.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.29 and a quick ratio of 1.07. PPL Co. has a 1-year low of $25.35 and a 1-year high of $35.15. The firm has a fifty day moving average of $32.89 and a two-hundred day moving average of $32.34.

PPL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s dividend payout ratio (DPR) is presently 91.97%.

Insider Activity

In related news, SVP Tadd J. Henninger sold 1,424 shares of PPL stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $33.48, for a total value of $47,675.52. Following the sale, the senior vice president now directly owns 11,259 shares in the company, valued at $376,951.32. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John R. Crockett III sold 9,161 shares of PPL stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $34.35, for a total transaction of $314,680.35. Following the completion of the sale, the insider now owns 12,434 shares in the company, valued at approximately $427,107.90. This represents a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,794 shares of company stock valued at $661,338. Company insiders own 0.22% of the company’s stock.

PPL 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.