Vestcor Inc Has $1.59 Million Position in PPL Co. (NYSE:PPL)

15 Mar 2025, 11:36 by Danessa Lincoln · The Markets Daily

Vestcor Inc lowered its holdings in PPL Co. (NYSE:PPL – Free Report) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,936 shares of the utilities provider’s stock after selling 8,078 shares during the quarter. Vestcor Inc’s holdings in PPL were worth $1,588,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kentucky Trust Co acquired a new stake in PPL in the 4th quarter valued at $32,000. Ashton Thomas Securities LLC acquired a new stake in PPL in the 3rd quarter valued at $34,000. Rosenberg Matthew Hamilton grew its position in PPL by 1,092.2% in the 4th 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 during the period. Larson Financial Group LLC grew its position in PPL by 84.5% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 579 shares during the period. Finally, Covestor Ltd grew its position in 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.

PPL Trading Up 2.3 %

NYSE PPL opened at $34.95 on Friday. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.77 and a beta of 0.76. PPL Co. has a one year low of $25.93 and a one year high of $35.91. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.86 and a quick ratio of 0.71. The business’s fifty day moving average is $33.69 and its 200-day moving average is $33.08.

PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). PPL had a return on equity of 8.88% and a net margin of 10.49%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Equities research analysts predict that PPL Co. will post 1.83 EPS for the current year.

PPL Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.09 annualized dividend and a yield of 3.12%. This is a positive change from PPL’s previous quarterly dividend of $0.26. PPL’s dividend payout ratio (DPR) is 90.08%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Barclays raised their price objective on PPL from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. BMO Capital Markets started coverage on PPL in a research note on Wednesday, December 11th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, Citigroup upgraded PPL from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.70.

View Our Latest Stock Analysis on PPL

Insider Buying and Selling

In related news, COO David J. Bonenberger sold 981 shares of PPL stock in a transaction dated 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 of the company’s stock, valued at approximately $1,520,460.72. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John R. Crockett III sold 1,589 shares of PPL stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $33.12, for a total value of $52,627.68. Following the completion of the sale, the insider now directly owns 10,845 shares of the company’s stock, valued at approximately $359,186.40. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,779 shares of company stock valued at $386,515. 0.22% of the stock is owned by insiders.

PPL Profile

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