Goelzer Investment Management Inc. Acquires 4,140 Shares of PPL Co. (PPL)

Goelzer Investment Management Inc. boosted its holdings in shares of PPL Co. (NYSE:PPL) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,687 shares of the utilities provider’s stock after acquiring an additional 4,140 shares during the period. Goelzer Investment Management Inc.’s holdings in PPL were worth $3,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PPL. Hexavest Inc. raised its holdings in PPL by 1.6% in the fourth quarter. Hexavest Inc. now owns 1,765,554 shares of the utilities provider’s stock worth $54,644,000 after buying an additional 27,387 shares during the last quarter. Atria Investments LLC raised its holdings in PPL by 18.4% in the fourth quarter. Atria Investments LLC now owns 90,704 shares of the utilities provider’s stock worth $2,807,000 after buying an additional 14,106 shares during the last quarter. BLB&B Advisors LLC raised its holdings in PPL by 1.5% in the fourth quarter. BLB&B Advisors LLC now owns 183,230 shares of the utilities provider’s stock worth $5,671,000 after buying an additional 2,783 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in PPL by 32.6% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 23,970 shares of the utilities provider’s stock worth $742,000 after buying an additional 5,891 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in PPL by 41.9% in the fourth quarter. Bank of Montreal Can now owns 2,654,343 shares of the utilities provider’s stock worth $82,152,000 after buying an additional 783,951 shares during the last quarter. 71.56% of the stock is owned by institutional investors.

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Shares of PPL stock opened at $28.18 on Friday. The company has a market cap of $19.50 billion, a P/E ratio of 11.77, a PEG ratio of 2.02 and a beta of 0.51. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 1.81.

PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. PPL had a net margin of 15.44% and a return on equity of 15.24%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. research analysts anticipate that PPL Co. will post 2.3 EPS for the current fiscal year.

Several research analysts have issued reports on PPL shares. Royal Bank of Canada raised shares of PPL from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $28.32 to $33.00 in a report on Tuesday, March 6th. UBS started coverage on shares of PPL in a report on Friday, February 2nd. They issued a “buy” rating and a $40.00 target price for the company. ValuEngine cut shares of PPL from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Deutsche Bank raised shares of PPL from a “hold” rating to a “buy” rating and decreased their target price for the stock from $39.00 to $36.00 in a report on Thursday, January 18th. Finally, Evercore ISI raised shares of PPL from an “in-line” rating to an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.15.

In related news, insider Gregory N. Dudkin sold 2,378 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.19, for a total transaction of $69,413.82. Following the completion of the sale, the insider now directly owns 23,562 shares in the company, valued at $687,774.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Victor A. Staffieri sold 4,232 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.20, for a total transaction of $123,574.40. The disclosure for this sale can be found here. Insiders sold 8,815 shares of company stock valued at $257,352 over the last quarter. Company insiders own 0.38% of the company’s stock.

PPL Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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