Twelve Points Wealth Management LLC Purchases 3,493 Shares of PPL Co. (NYSE:PPL)

Twelve Points Wealth Management LLC lifted its position in PPL Co. (NYSE:PPL) by 26.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,492 shares of the utilities provider’s stock after purchasing an additional 3,493 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in PPL were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fortitude Family Office LLC increased its stake in PPL by 195.5% in the 3rd quarter. Fortitude Family Office LLC now owns 780 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 516 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of PPL during the third quarter worth about $34,000. Rosenberg Matthew Hamilton increased its position 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 worth $39,000 after purchasing an additional 1,114 shares during the last quarter. Covestor Ltd raised its stake in PPL by 139.2% in the third quarter. Covestor Ltd now owns 1,512 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 880 shares in the last quarter. Finally, McClarren Financial Advisors Inc. lifted its position in PPL by 5,759.3% during the third quarter. McClarren Financial Advisors Inc. now owns 1,582 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,555 shares during the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Insider Transactions at PPL

In other PPL news, insider John R. Crockett III sold 9,161 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $34.35, for a total value of $314,680.35. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tadd J. Henninger sold 6,639 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $32.16, for a total transaction of $213,510.24. Following the sale, the senior vice president now owns 11,210 shares in the company, valued at approximately $360,513.60. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

PPL has been the topic of a number of research analyst reports. BMO Capital Markets assumed coverage on shares of PPL in a report on Wednesday, December 11th. They issued an “outperform” rating and a $36.00 price target on the stock. Bank of America raised their price target on PPL from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays cut their price objective on PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Citigroup raised their price objective on PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group cut their target price on PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

PPL Stock Down 2.0 %

Shares of NYSE PPL opened at $32.85 on Wednesday. The firm’s fifty day moving average is $33.03 and its 200 day moving average is $32.13. PPL Co. has a 52 week low of $25.35 and a 52 week high of $35.15. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.17. The company has a market cap of $24.24 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.64 and a beta of 0.83.

PPL (NYSE:PPL) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.10 billion. PPL had a net margin of 9.95% and a return on equity of 9.20%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts expect that PPL Co. will post 1.72 earnings per share for the current year.

PPL Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, December 10th. PPL’s dividend payout ratio (DPR) is currently 91.97%.

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.