PPL Corp (NYSE:PPL) Shares Sold by HM Payson & Co.

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HM Payson & Co. decreased its holdings in shares of PPL Corp (NYSE:PPL) by 15.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,364 shares of the utilities provider’s stock after selling 7,010 shares during the quarter. HM Payson & Co.’s holdings in PPL were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of PPL by 732.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,497,500 shares of the utilities provider’s stock valued at $42,754,000 after acquiring an additional 1,317,600 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of PPL by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 143,596 shares of the utilities provider’s stock valued at $4,100,000 after acquiring an additional 3,722 shares in the last quarter. First Command Financial Services Inc. lifted its position in shares of PPL by 103.9% in the 2nd quarter. First Command Financial Services Inc. now owns 6,816 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 3,474 shares in the last quarter. Redpoint Investment Management Pty Ltd lifted its position in shares of PPL by 8.6% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 117,604 shares of the utilities provider’s stock valued at $3,358,000 after acquiring an additional 9,319 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in shares of PPL by 45.9% in the 2nd quarter. Chartwell Investment Partners LLC now owns 299,806 shares of the utilities provider’s stock valued at $8,559,000 after acquiring an additional 94,345 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of PPL from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. Wells Fargo & Co increased their target price on shares of PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Morgan Stanley increased their target price on shares of PPL from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Finally, TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a research report on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.18.

Shares of PPL traded up $0.28 during mid-day trading on Friday, hitting $30.25. 6,218,569 shares of the company’s stock were exchanged, compared to its average volume of 6,296,189. PPL Corp has a twelve month low of $25.30 and a twelve month high of $38.55. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.80.

PPL (NYSE:PPL) last announced its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. PPL had a net margin of 18.08% and a return on equity of 15.30%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. As a group, research analysts predict that PPL Corp will post 2.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, September 7th. This represents a $1.64 annualized dividend and a dividend yield of 5.42%. PPL’s dividend payout ratio (DPR) is 72.89%.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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