SG Americas Securities LLC increased its position in shares of PPL Corporation (NYSE:PPL) by 193.4% during the second quarter, Holdings Channel reports. The firm owned 990,940 shares of the utilities provider’s stock after buying an additional 653,176 shares during the period. SG Americas Securities LLC’s holdings in PPL Corporation were worth $38,310,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its position in PPL Corporation by 0.7% in the second quarter. Rhumbline Advisers now owns 1,173,632 shares of the utilities provider’s stock worth $45,373,000 after buying an additional 8,111 shares during the period. Foundry Partners LLC increased its stake in shares of PPL Corporation by 3.1% in the second quarter. Foundry Partners LLC now owns 350,827 shares of the utilities provider’s stock valued at $13,563,000 after buying an additional 10,415 shares during the last quarter. HL Financial Services LLC increased its stake in shares of PPL Corporation by 14.8% in the second quarter. HL Financial Services LLC now owns 29,315 shares of the utilities provider’s stock valued at $1,133,000 after buying an additional 3,772 shares during the last quarter. Advisor Partners LLC increased its stake in shares of PPL Corporation by 4.0% in the second quarter. Advisor Partners LLC now owns 11,475 shares of the utilities provider’s stock valued at $444,000 after buying an additional 440 shares during the last quarter. Finally, First Bank & Trust increased its stake in shares of PPL Corporation by 4.5% in the second quarter. First Bank & Trust now owns 35,852 shares of the utilities provider’s stock valued at $1,386,000 after buying an additional 1,552 shares during the last quarter. 71.00% of the stock is currently owned by institutional investors.

Shares of PPL Corporation (NYSE PPL) opened at 38.57 on Tuesday. The firm has a market cap of $26.45 billion, a P/E ratio of 16.14 and a beta of 0.49. PPL Corporation has a 1-year low of $32.08 and a 1-year high of $40.20. The firm has a 50 day moving average price of $38.36 and a 200 day moving average price of $37.81.

PPL Corporation (NYSE:PPL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. PPL Corporation had a net margin of 22.08% and a return on equity of 15.96%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Analysts anticipate that PPL Corporation will post $2.15 EPS for the current year.

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Several brokerages recently commented on PPL. Jefferies Group LLC reaffirmed a “buy” rating and set a $43.50 price objective (up previously from $42.00) on shares of PPL Corporation in a research note on Wednesday, August 9th. BidaskClub downgraded PPL Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised PPL Corporation from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $38.00 in a research note on Monday, June 26th. Zacks Investment Research raised PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $41.00 price objective (up previously from $38.00) on shares of PPL Corporation in a research note on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. PPL Corporation presently has a consensus rating of “Hold” and a consensus price target of $38.72.

In other PPL Corporation news, insider Gregory N. Dudkin sold 8,228 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $39.55, for a total transaction of $325,417.40. Following the sale, the insider now owns 39,693 shares of the company’s stock, valued at $1,569,858.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vincent Sorgi sold 5,600 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total transaction of $218,400.00. Following the sale, the insider now directly owns 97 shares in the company, valued at approximately $3,783. The disclosure for this sale can be found here. Insiders have sold 19,740 shares of company stock worth $773,067 in the last ninety days. 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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