On September 17, 2023, it was reported that B.O.S.S. Retirement Advisors LLC reduced its stake in PPL Co. (NYSE:PPL) by 9.3% during the second quarter of the year. This information was disclosed in their most recent filing with the Securities and Exchange Commission (SEC). As a result of this change, B.O.S.S. Retirement Advisors LLC now holds 56,225 shares of the utilities provider’s stock, having sold 5,749 shares during the specified period. The total worth of their holdings in PPL is estimated to be $1,488,000.
PPL Co., a prominent utilities provider, has also recently announced its quarterly dividend payment schedule. Shareholders who hold positions on record as of Friday, September 8th will receive a dividend of $0.24 per share on Monday, October 2nd. With an annualized dividend amounting to $0.96 per share and a dividend yield of 3.74%, PPL continues to demonstrate its commitment towards rewarding its shareholders.
It is noteworthy that PPL’s payout ratio stands at 92.31%. This ratio represents the percentage of earnings paid out to shareholders in the form of dividends. A high payout ratio like this indicates that PPL allocates a significant portion of its profits towards dividends rather than reinvesting them into the company’s growth or other activities.
Investors and market observers may find these developments insightful when assessing the investment potential and financial health of both B.O.S.S Retirement Advisors LLC and PPL Co.
Please note that this article refers to information available as of September 17th, 2023 and is written for informational purposes only. Investors are encouraged to conduct further research before making any investment decisions based on this information.
Recent Investor Activity and Analyst Opinions on PPL Co.’s Stock Performance and Investment Potentiality
September 17, 2023 – PPL Co. has seen some interesting activity among its investors recently. Various large investors have made changes to their positions in the company, indicating a shifting landscape within the market. Epoch Investment Partners Inc. and Vinva Investment Management Ltd both purchased new positions in PPL in the first quarter of this year, with Epoch Investment Partners Inc. making a purchase worth approximately $595,000 and Vinva Investment Management Ltd making a purchase worth approximately $679,000.
ING Groep NV also increased its position in PPL by 59.2% during the fourth quarter of last year. ING Groep NV now owns 125,192 shares of PPL’s stock, amounting to a value of $3,658,000 after acquiring an additional 46,550 shares during that period. Similarly, Assetmark Inc., another large investor, grew its position in PPL by 1.1% in the fourth quarter and now owns 1,358,364 shares worth $39,691,000. Lastly, Hartford Investment Management Co.s position in PPL grew by 16.7% during the first quarter and now holds 61,936 shares worth $1,721,000.
Hedge funds and other institutional investors currently own a significant portion of PPL stock at around 73.09%. This suggests that there is widespread interest among these investors to hold positions in the utilities provider.
In terms of expert opinions on PPL stock performance and outlook for investment potentiality:
– Guggenheim lowered their price objective on PPL from $34.00 to $31.00
– Barclays initiated coverage with an “equal weight” rating and a price target of $26.00.
– Morgan Stanley reduced their price target from $31.00 to $29.00 but maintained an “overweight” rating on the stock.
– TheStreet downgraded PPL from a “b-” rating to a “c” rating.
– StockNews.com initiated coverage with a “hold” rating.
Three investment analysts have rated the stock as a hold, while four have assigned it a buy rating. However, according to Bloomberg, the company currently has an average rating of “Moderate Buy” with an average target price of $30.14.
PPL stock opened at $25.66 on Friday and has seen a fluctuation in its value over the last year. The 1-year low stands at $23.47 and the 1-year high at $31.74. PPL Co. currently holds a market capitalization worth $18.91 billion, along with a price-to-earnings ratio of 24.67 and a beta of 0.79.
The company’s most recent quarterly earnings report was released on August 4th, 2023. PPL reported earnings per share of $0.29 for the quarter, falling short of analysts’ consensus estimates by ($0.03). The company generated $1.82 billion in revenue during the quarter compared to analyst estimates of $1.27 billion.
Despite missing earnings estimates, PPL showcased strong revenue growth of 7.5% on a year-over-year basis, indicating positive momentum within their operations.
Looking ahead, sell-side analysts anticipate that PPL Co. will post earnings per share valued at 1.58 for the current fiscal year.
In conclusion, PPL Co.’s recent investor activity and analyst opinions reveal both positive and negative sentiment surrounding the utilities provider’s stock performance and outlook for future potentiality in terms of investment returns.