Hunter Associates Investment Management LLC Has $245,000 Position in PPL Co. (NYSE:PPL)

Hunter Associates Investment Management LLC reduced its stake in shares of PPL Co. (NYSE:PPLFree Report) by 4.5% in the third quarter, Holdings Channel reports. The fund owned 10,410 shares of the utilities provider’s stock after selling 491 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in PPL were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wealth Alliance grew its holdings in PPL by 5.5% during the third quarter. Wealth Alliance now owns 19,342 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 1,006 shares during the period. Andra AP fonden increased its holdings in PPL by 104.5% in the 3rd quarter. Andra AP fonden now owns 112,500 shares of the utilities provider’s stock worth $2,650,000 after acquiring an additional 57,500 shares during the last quarter. Sasco Capital Inc. CT increased its holdings in PPL by 9.0% in the 3rd quarter. Sasco Capital Inc. CT now owns 1,185,510 shares of the utilities provider’s stock worth $27,931,000 after acquiring an additional 97,860 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in PPL in the 3rd quarter valued at about $224,000. Finally, Canada Pension Plan Investment Board lifted its holdings in PPL by 17.4% during the third quarter. Canada Pension Plan Investment Board now owns 1,553,352 shares of the utilities provider’s stock valued at $36,597,000 after purchasing an additional 230,000 shares during the last quarter. Hedge funds and other institutional investors own 73.09% of the company’s stock.

PPL Trading Up 0.8 %

PPL stock opened at $25.87 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.79 and a current ratio of 0.96. PPL Co. has a fifty-two week low of $22.20 and a fifty-two week high of $29.14. The stock has a market cap of $19.07 billion, a P/E ratio of 23.31, a PEG ratio of 2.03 and a beta of 0.82. The firm’s fifty day moving average price is $26.57 and its 200-day moving average price is $25.65.

PPL Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.24 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.96 annualized dividend and a dividend yield of 3.71%. PPL’s payout ratio is currently 86.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $52.00 target price on shares of PPL in a research note on Wednesday, December 20th. Barclays lifted their price objective on shares of PPL from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Monday, January 22nd. StockNews.com upgraded PPL from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Morgan Stanley raised their price target on PPL from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. Finally, TheStreet upgraded PPL from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.63.

Get Our Latest Stock Report on PPL

PPL Company Profile

(Free Report)

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.5 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.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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