PPL Corp (NYSE:PPL) Holdings Increased by Personal Capital Advisors Corp

Personal Capital Advisors Corp grew its holdings in PPL Corp (NYSE:PPL) by 33.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 246,318 shares of the utilities provider’s stock after acquiring an additional 61,995 shares during the period. Personal Capital Advisors Corp’s holdings in PPL were worth $7,624,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in 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 buying an additional 1,546,706 shares during the period. Bank of Montreal Can grew its holdings in PPL by 41.9% during the 4th quarter. Bank of Montreal Can now owns 2,654,343 shares of the utilities provider’s stock worth $82,152,000 after acquiring an additional 783,951 shares in the last quarter. Prudential Financial Inc. grew its holdings in PPL by 16.5% during the 3rd quarter. Prudential Financial Inc. now owns 5,030,604 shares of the utilities provider’s stock worth $190,912,000 after acquiring an additional 714,250 shares in the last quarter. Denali Advisors LLC grew its holdings in 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 in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in 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 in the last quarter. 70.93% of the stock is currently owned by institutional investors and hedge funds.

PPL has been the subject of several recent analyst reports. SunTrust Banks reissued a “buy” rating and set a $42.00 price objective on shares of PPL in a report on Tuesday, December 26th. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, December 12th. Canaccord Genuity reissued a “buy” rating and set a $48.00 price objective on shares of PPL in a report on Thursday, November 30th. Deutsche Bank raised shares of PPL from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $39.00 to $36.00 in a report on Thursday, January 18th. Finally, ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.14.

In related news, SVP Joanne H. Raphael sold 5,045 shares of PPL stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $159,422.00. Following the sale, the senior vice president now directly owns 24,080 shares in the company, valued at approximately $760,928. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the sale, the insider now owns 25,940 shares in the company, valued at $821,519.80. The disclosure for this sale can be found here. Insiders sold a total of 44,163 shares of company stock valued at $1,395,587 over the last ninety days. Company insiders own 0.40% of the company’s stock.

PPL Corp (NYSE:PPL) traded up $0.54 during midday trading on Friday, hitting $30.06. 7,010,566 shares of the stock traded hands, compared to its average volume of 6,049,337. PPL Corp has a 1-year low of $29.20 and a 1-year high of $40.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.56 and a quick ratio of 0.48. The firm has a market cap of $20,695.23, a price-to-earnings ratio of 13.60, a PEG ratio of 1.85 and a beta of 0.45.

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About PPL

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.

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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