Hudock Inc. Has $799,000 Stock Position in PPL Co. (NYSE:PPL)

Hudock Inc. raised its holdings in PPL Co. (NYSE:PPL) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,008 shares of the utilities provider’s stock after buying an additional 1,364 shares during the quarter. Hudock Inc.’s holdings in PPL were worth $799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPL. Allworth Financial LP grew its holdings in shares of PPL by 179.8% during the 4th quarter. Allworth Financial LP now owns 1,038 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of PPL during the 4th quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new stake in shares of PPL during the 4th quarter worth approximately $35,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of PPL by 138.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,371 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 797 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of PPL by 46.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

PPL Trading Down 0.0 %

Shares of PPL stock traded down $0.01 on Monday, reaching $27.40. 3,990,401 shares of the stock were exchanged, compared to its average volume of 4,854,598. The stock has a market cap of $20.21 billion, a PE ratio of 26.61, a P/E/G ratio of 2.35 and a beta of 0.81. PPL Co. has a one year low of $22.20 and a one year high of $29.89. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.28 and a quick ratio of 1.08. The stock has a 50 day moving average price of $28.41 and a 200 day moving average price of $27.34.

PPL (NYSE:PPL) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.39 billion. PPL had a return on equity of 8.80% and a net margin of 9.29%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities research analysts forecast that PPL Co. will post 1.71 EPS for the current fiscal year.

PPL Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a dividend of $0.2575 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.76%. PPL’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PPL. Bank of America lifted their price objective on PPL from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Wells Fargo & Company raised their target price on PPL from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Morgan Stanley cut their target price on PPL from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, June 24th. Mizuho raised their target price on PPL from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada raised their target price on PPL from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PPL presently has an average rating of “Moderate Buy” and a consensus target price of $32.36.

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.