Investors Buy Large Volume of PPL Put Options (PPL)

PPL Corporation (NYSE:PPL) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 1,696 put options on the stock. This represents an increase of approximately 1,111% compared to the typical volume of 140 put options.

Several research firms recently issued reports on PPL. Zacks Investment Research cut PPL from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine upgraded PPL from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded PPL from a “sell” rating to a “hold” rating in a report on Friday, August 18th. KeyCorp restated a “hold” rating on shares of PPL in a report on Friday, October 20th. Finally, SunTrust Banks started coverage on PPL in a report on Tuesday, October 10th. They set a “buy” rating and a $43.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $41.28.

Shares of PPL (NYSE:PPL) opened at $35.02 on Friday. The stock has a market capitalization of $24,295.91, a P/E ratio of 15.34, a PEG ratio of 2.32 and a beta of 0.47. PPL has a one year low of $32.71 and a one year high of $40.20. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.79.

PPL (NYSE:PPL) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $2.03 billion. PPL had a return on equity of 15.30% and a net margin of 20.60%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. sell-side analysts predict that PPL will post 2.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Thursday, December 7th. PPL’s payout ratio is 71.49%.

Several large investors have recently bought and sold shares of PPL. Canada Pension Plan Investment Board lifted its stake in shares of PPL by 993.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,702,384 shares of the utilities provider’s stock worth $64,605,000 after acquiring an additional 1,546,706 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of PPL by 193.4% during the 2nd quarter. SG Americas Securities LLC now owns 990,940 shares of the utilities provider’s stock worth $38,310,000 after acquiring an additional 653,176 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of PPL by 1,383.1% during the 3rd quarter. Denali Advisors LLC now owns 426,348 shares of the utilities provider’s stock worth $16,180,000 after acquiring an additional 397,600 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of PPL by 14.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,714,803 shares of the utilities provider’s stock worth $104,954,000 after acquiring an additional 349,588 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of PPL by 17.4% during the 3rd quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock worth $66,100,000 after acquiring an additional 258,600 shares during the last quarter. 71.31% of the stock is owned by institutional investors and hedge funds.

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PPL Company Profile

PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.

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