Ajo LP increased its position in shares of PPL Corp. (NYSE:PPL) by 151.4% during the second quarter, Holdings Channel reports. The institutional investor owned 25,706 shares of the company’s stock after buying an additional 15,481 shares during the period. Ajo LP’s holdings in PPL Corp. were worth $970,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. QCI Asset Management Inc. NY increased its position in shares of PPL Corp. by 1.8% in the second quarter. QCI Asset Management Inc. NY now owns 3,100 shares of the company’s stock valued at $117,000 after buying an additional 55 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of PPL Corp. by 97.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,040 shares of the company’s stock valued at $153,000 after buying an additional 1,991 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of PPL Corp. by 18.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 4,474 shares of the company’s stock valued at $169,000 after buying an additional 683 shares in the last quarter. CapWealth Advisors LLC increased its position in shares of PPL Corp. by 7.0% in the first quarter. CapWealth Advisors LLC now owns 4,860 shares of the company’s stock valued at $185,000 after buying an additional 319 shares in the last quarter. Finally, FTB Advisors Inc. increased its position in shares of PPL Corp. by 3.3% in the second quarter. FTB Advisors Inc. now owns 5,071 shares of the company’s stock valued at $191,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.

Shares of PPL Corp. (NYSE:PPL) traded up 0.187% on Wednesday, hitting $34.835. 851,940 shares of the company were exchanged. PPL Corp. has a 52-week low of $30.86 and a 52-week high of $39.92. The firm’s 50-day moving average is $35.32 and its 200-day moving average is $37.12. The stock has a market capitalization of $23.62 billion, a PE ratio of 13.512 and a beta of 0.35.

PPL Corp. (NYSE:PPL) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. PPL Corp. had a net margin of 23.56% and a return on equity of 14.77%. The company earned $1.79 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts predict that PPL Corp. will post $2.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a $0.38 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.37%. PPL Corp.’s payout ratio is 58.69%.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of PPL Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Hilliard Lyons downgraded shares of PPL Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Jefferies Group downgraded shares of PPL Corp. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $41.50 to $38.00 in a report on Thursday, July 14th. Guggenheim downgraded shares of PPL Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Finally, Argus dropped their target price on shares of PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a report on Friday, September 9th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.86.

In other news, insider Robert A. Symons sold 13,901 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $37.40, for a total transaction of $519,897.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph P. Bergstein, Jr. sold 1,581 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $37.06, for a total transaction of $58,591.86. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

PPL Corp. 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. It operates through three segments: U.K.

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