5 Best Large Cap Dividend Stocks to Buy Now

4. PPL Corporation (NYSE: PPL)

Number of Hedge Fund Holders: 25
Dividend Yield: 5.9%

PPL Corporation (NYSE: PPL) is a utility holding company that works to deliver electricity and natural gas in the US and the UK. It ranks 4th on our list of the best large cap dividend stocks to buy now.

Anthony Crowdell, an analyst at Mizuho, raised his price target on PPL Corporation (NYSE: PPL) shares this March to $30, commenting that PPL Corporation (NYSE: PPL) is “fairly valued.”

In the first quarter of 2021, PPL Corporation (NYSE: PPL) had an EPS of $0.28, missing estimates by $0.36. The company’s revenue was $1.50 billion, also missing estimates by $710.31 million. PPL Corporation (NYSE: PPL) has however gained 1.59% in the last 6 months and 2.25% year to date.

By the end of the first quarter of 2021, 25 hedge funds out of the 866 tracked by Insider Monkey held stakes in PPL Corporation (NYSE: PPL) worth roughly $152 million. This is compared to 21 hedge funds in the previous quarter with stakes worth approximately $152 million.

Miller/Howard Investments, an investment management firm, mentioned PPL Corporation (NYSE: PPL) in its first-quarter 2021 investor letter. Here’s what they said:

“PPL Corp. (PPL) announced the sale of its UK utility business to National Grid (NGG). In a separate transaction, PPL acquired NGG’s Rhode Island utility business. Once the dust settles, we expect PPL to rerate toward US peers.”