HL Financial Services LLC increased its position in shares of PPL Corporation (NYSE:PPL) by 14.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,315 shares of the utilities provider’s stock after buying an additional 3,772 shares during the period. HL Financial Services LLC’s holdings in PPL Corporation were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PPL. Tompkins Financial Corp boosted its position in PPL Corporation by 114.3% in the first quarter. Tompkins Financial Corp now owns 3,000 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,600 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares during the last quarter. Parallel Advisors LLC boosted its position in PPL Corporation by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after buying an additional 243 shares during the last quarter. Focused Wealth Management Inc boosted its position in PPL Corporation by 352.0% in the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after buying an additional 3,400 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares during the last quarter. 71.05% of the stock is currently owned by institutional investors.

Shares of PPL Corporation (NYSE PPL) opened at 38.75 on Friday. The stock’s 50 day moving average is $38.38 and its 200 day moving average is $37.71. PPL Corporation has a 12 month low of $32.08 and a 12 month high of $40.20. The firm has a market cap of $26.58 billion, a PE ratio of 16.22 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts anticipate that PPL Corporation will post $2.16 earnings per share for the current fiscal year.

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A number of research analysts have commented on the stock. BidaskClub cut shares of PPL Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $43.50 target price (up previously from $42.00) on shares of PPL Corporation in a research report on Wednesday. Goldman Sachs Group, Inc. (The) raised shares of PPL Corporation from a “sell” rating to a “neutral” rating and upped their target price for the company from $35.00 to $38.00 in a research report on Monday, June 26th. Barclays PLC reaffirmed an “equal weight” rating and issued a $41.00 target price (up previously from $38.00) on shares of PPL Corporation in a research report on Sunday, April 23rd. Finally, Zacks Investment Research raised shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. PPL Corporation presently has an average rating of “Hold” and an average price target of $38.72.

In other news, insider Gregory N. Dudkin sold 8,228 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $39.55, for a total transaction of $325,417.40. Following the completion of the sale, the insider now owns 39,693 shares in the company, valued at approximately $1,569,858.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent Sorgi sold 5,600 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $39.00, for a total value of $218,400.00. Following the sale, the insider now owns 97 shares of the company’s stock, valued at approximately $3,783. The disclosure for this sale can be found here. Insiders have sold a total of 19,740 shares of company stock valued at $773,067 in the last quarter. Company insiders own 0.42% of the company’s stock.

About PPL Corporation

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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