Curbstone Financial Management Corp lifted its position in PPL Corporation (NYSE:PPL) by 100.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,572 shares of the utilities provider’s stock after buying an additional 8,786 shares during the period. Curbstone Financial Management Corp’s holdings in PPL Corporation were worth $667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its position in shares of PPL Corporation by 0.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock valued at $165,000 after buying an additional 38 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of PPL Corporation by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 16,634 shares of the utilities provider’s stock valued at $622,000 after buying an additional 125 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of PPL Corporation by 0.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 21,500 shares of the utilities provider’s stock valued at $831,000 after buying an additional 135 shares in the last quarter. Private Bank & Trust Co. increased its position in shares of PPL Corporation by 2.9% in the 2nd quarter. Private Bank & Trust Co. now owns 6,989 shares of the utilities provider’s stock valued at $270,000 after buying an additional 195 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of PPL Corporation by 2.1% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,085 shares of the utilities provider’s stock valued at $390,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 70.99% of the company’s stock.

PPL Corporation (PPL) traded down 0.08% during trading on Wednesday, reaching $37.45. The company’s stock had a trading volume of 538,004 shares. The stock’s 50-day moving average is $38.59 and its 200 day moving average is $38.58. PPL Corporation has a 12 month low of $32.46 and a 12 month high of $40.20. The company has a market cap of $25.69 billion, a P/E ratio of 15.68 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that PPL Corporation will post $2.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.395 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.58 annualized dividend and a dividend yield of 4.22%. PPL Corporation’s dividend payout ratio is currently 66.11%.

PPL has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) upgraded shares of PPL Corporation from a “sell” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $38.00 in a research report on Monday, June 26th. BidaskClub cut shares of PPL Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, July 12th. Jefferies Group LLC upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $39.50 to $42.00 in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $39.35.

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In other news, insider Vincent Sorgi sold 5,600 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total transaction of $218,400.00. Following the transaction, the insider now owns 97 shares in the company, valued at $3,783. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $38.55, for a total transaction of $112,912.95. The disclosure for this sale can be found here. Insiders have sold 47,163 shares of company stock worth $1,855,864 in the last quarter. Company insiders own 0.40% of the company’s stock.

PPL Corporation 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. PPL operates through U.K.

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Institutional Ownership by Quarter for PPL Corporation (NYSE:PPL)

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