Crewe Advisors LLC Has $146,000 Stake in PPL Co. (NYSE:PPL)

Crewe Advisors LLC grew its stake in PPL Co. (NYSE:PPL) by 23.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,298 shares of the utilities provider’s stock after buying an additional 1,012 shares during the period. Crewe Advisors LLC’s holdings in PPL were worth $146,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in PPL during the 2nd quarter worth $29,000. Lynx Investment Advisory bought a new stake in shares of PPL in the second quarter valued at approximately $38,000. Family Firm Inc. acquired a new stake in shares of PPL in the second quarter worth $38,000. EverSource Wealth Advisors LLC increased its position in PPL by 46.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 480 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in PPL in the 1st quarter worth $42,000. Institutional investors own 76.99% of the company’s stock.

Analyst Ratings Changes

PPL has been the topic of several research reports. StockNews.com upgraded PPL from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America lifted their price target on shares of PPL from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley upped their target price on shares of PPL from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Mizuho upped their price objective on PPL from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company raised their target price on PPL from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.18.

PPL Price Performance

PPL traded up $0.16 during trading on Friday, hitting $31.91. The company’s stock had a trading volume of 3,226,592 shares, compared to its average volume of 4,894,749. PPL Co. has a 12 month low of $22.20 and a 12 month high of $32.12. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.66 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average price is $29.47 and its two-hundred day moving average price is $28.24.

PPL (NYSE:PPL) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.92 billion. PPL had a net margin of 10.17% and a return on equity of 9.26%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Sell-side analysts forecast that PPL Co. will post 1.72 earnings per share for the current fiscal year.

PPL Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be issued a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, September 10th. PPL’s dividend payout ratio is currently 100.00%.

PPL Company 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.