Green Square Capital LLC purchased a new position in shares of PPL Corp (NYSE:PPL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,595 shares of the utilities provider’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cutler Capital Management LLC acquired a new position in PPL during the 3rd quarter worth approximately $114,000. Parallel Advisors LLC grew its holdings in PPL by 7.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,570 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 321 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of PPL in the 2nd quarter valued at $224,000. Cable Hill Partners LLC boosted its holdings in shares of PPL by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after buying an additional 6,447 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of PPL in the 3rd quarter valued at $251,000. Institutional investors own 71.31% of the company’s stock.

Several research analysts have recently issued reports on PPL shares. Zacks Investment Research cut shares of PPL from a “hold” rating to a “sell” rating in a report on Friday, October 13th. KeyCorp restated a “hold” rating on shares of PPL in a report on Friday, October 20th. ValuEngine upgraded shares of PPL from a “hold” rating to a “buy” rating in a report on Friday, September 1st. SunTrust Banks started coverage on shares of PPL in a report on Tuesday, October 10th. They issued a “buy” rating and a $43.00 target price for the company. Finally, Canaccord Genuity restated a “buy” rating and issued a $48.00 target price on shares of PPL in a report on Thursday, November 30th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. PPL has an average rating of “Hold” and an average target price of $40.72.

Shares of PPL Corp (NYSE:PPL) traded down $0.17 during trading on Thursday, hitting $33.87. 5,283,500 shares of the stock traded hands, compared to its average volume of 3,315,750. PPL Corp has a fifty-two week low of $33.52 and a fifty-two week high of $40.20. The firm has a market cap of $23,320.00, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56.

PPL (NYSE:PPL) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. PPL had a net margin of 20.60% and a return on equity of 15.30%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. PPL’s revenue for the quarter was down 2.3% on a year-over-year basis. analysts expect that PPL Corp will post 2.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a $0.395 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.58 annualized dividend and a yield of 4.66%. PPL’s dividend payout ratio (DPR) is 71.49%.

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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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