Sentry Investment Management LLC Cuts Stock Holdings in PPL Co. (NYSE:PPL)

Sentry Investment Management LLC reduced its position in shares of PPL Co. (NYSE:PPLFree Report) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,256 shares of the utilities provider’s stock after selling 484 shares during the period. Sentry Investment Management LLC’s holdings in PPL were worth $100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Machina Capital S.A.S. acquired a new position in PPL during the third quarter worth about $471,000. Dai ichi Life Insurance Company Ltd grew its position in PPL by 10.3% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 49,399 shares of the utilities provider’s stock worth $1,164,000 after buying an additional 4,597 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of PPL by 0.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 61,535 shares of the utilities provider’s stock valued at $1,450,000 after purchasing an additional 562 shares during the last quarter. California Public Employees Retirement System grew its position in shares of PPL by 60.8% in the third quarter. California Public Employees Retirement System now owns 2,326,405 shares of the utilities provider’s stock valued at $54,810,000 after purchasing an additional 879,588 shares during the last quarter. Finally, Duality Advisers LP grew its position in shares of PPL by 367.4% in the third quarter. Duality Advisers LP now owns 103,251 shares of the utilities provider’s stock valued at $2,433,000 after purchasing an additional 81,160 shares during the last quarter. 73.09% of the stock is currently owned by institutional investors and hedge funds.

PPL Price Performance

NYSE:PPL remained flat at $25.83 during trading hours on Friday. 1,139,659 shares of the company’s stock were exchanged, compared to its average volume of 4,826,698. The company has a current ratio of 0.96, a quick ratio of 0.79 and a debt-to-equity ratio of 1.03. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.00 and a beta of 0.84. PPL Co. has a 12 month low of $22.20 and a 12 month high of $30.03. The company’s 50-day moving average is $26.63 and its 200 day moving average is $25.75.

PPL (NYSE:PPLGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.20 billion. PPL had a return on equity of 7.82% and a net margin of 9.53%. On average, analysts predict that PPL Co. will post 1.58 EPS for the current fiscal year.

PPL Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, December 7th. PPL’s dividend payout ratio (DPR) is presently 86.49%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Guggenheim lowered their price target on shares of PPL from $31.00 to $27.00 in a research report on Monday, October 9th. Citigroup assumed coverage on shares of PPL in a research report on Thursday, October 5th. They issued a “neutral” rating and a $42.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $52.00 price target on shares of PPL in a research report on Wednesday, December 20th. Finally, Barclays raised their target price on shares of PPL from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, PPL has a consensus rating of “Hold” and a consensus target price of $32.63.

Check Out Our Latest Analysis on PPL

PPL 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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