VAUGHAN & Co SECURITIES INC. Has $631,000 Stock Holdings in PPL Co. (NYSE:PPL)

VAUGHAN & Co SECURITIES INC. trimmed its position in PPL Co. (NYSE:PPL) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,448 shares of the utilities provider’s stock after selling 769 shares during the quarter. VAUGHAN & Co SECURITIES INC.’s holdings in PPL were worth $631,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of PPL by 5.0% during the 3rd quarter. State Street Corp now owns 36,459,099 shares of the utilities provider’s stock valued at $1,215,363,000 after acquiring an additional 1,720,941 shares during the last quarter. Wellington Management Group LLP increased its holdings in PPL by 6.2% in the third quarter. Wellington Management Group LLP now owns 35,089,490 shares of the utilities provider’s stock valued at $1,160,760,000 after purchasing an additional 2,050,122 shares during the last quarter. Franklin Resources Inc. lifted its stake in PPL by 12.0% in the third quarter. Franklin Resources Inc. now owns 34,758,947 shares of the utilities provider’s stock valued at $1,115,824,000 after buying an additional 3,731,412 shares during the period. Geode Capital Management LLC grew its position in shares of PPL by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 17,177,883 shares of the utilities provider’s stock worth $566,275,000 after buying an additional 201,417 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of PPL by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,407 shares of the utilities provider’s stock valued at $215,430,000 after acquiring an additional 55,594 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PPL news, insider John R. Crockett III sold 9,161 shares of PPL stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $34.35, for a total transaction of $314,680.35. Following the transaction, the insider now directly owns 12,434 shares of the company’s stock, valued at approximately $427,107.90. The trade was a 42.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David J. Bonenberger sold 981 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $33.48, for a total value of $32,843.88. Following the completion of the sale, the chief operating officer now directly owns 45,414 shares of the company’s stock, valued at approximately $1,520,460.72. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,794 shares of company stock worth $661,338 over the last three months. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PPL shares. Bank of America boosted their price objective on shares of PPL from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup upped their price target on shares of PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Barclays cut their price objective on shares of PPL from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. assumed coverage on PPL in a research note on Friday, October 25th. They issued an “overweight” rating and a $37.00 price target on the stock. Finally, Jefferies Financial Group dropped their target price on PPL from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

PPL Trading Up 1.0 %

PPL stock opened at $33.94 on Thursday. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.83. The company has a fifty day moving average price of $32.89 and a two-hundred day moving average price of $32.34. PPL Co. has a one year low of $25.35 and a one year high of $35.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.29 and a quick ratio of 1.07.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.2575 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.03 dividend on an annualized basis and a yield of 3.04%. PPL’s dividend payout ratio (DPR) is currently 91.97%.

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.