Candriam Luxembourg S.C.A. lowered its position in PPL Corp. (NYSE:PPL) by 83.7% during the second quarter, Holdings Channel reports. The institutional investor owned 24,554 shares of the company’s stock after selling 126,246 shares during the period. Candriam Luxembourg S.C.A.’s holdings in PPL Corp. were worth $927,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC increased its position in PPL Corp. by 97.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,040 shares of the company’s stock worth $153,000 after buying an additional 1,991 shares during the period. CapWealth Advisors LLC increased its position in PPL Corp. by 7.0% in the first quarter. CapWealth Advisors LLC now owns 4,860 shares of the company’s stock worth $185,000 after buying an additional 319 shares during the period. Wagner Bowman Management Corp bought a new position in PPL Corp. during the second quarter worth approximately $208,000. Princeton Portfolio Strategies Group LLC bought a new position in PPL Corp. during the first quarter worth approximately $210,000. Finally, JFS Wealth Advisors LLC increased its position in PPL Corp. by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 5,712 shares of the company’s stock worth $216,000 after buying an additional 16 shares during the period. 69.52% of the stock is owned by institutional investors.
PPL Corp. (NYSE:PPL) traded down 0.77% during mid-day trading on Friday, hitting $32.25. The stock had a trading volume of 8,085,645 shares. The firm has a market cap of $21.87 billion, a PE ratio of 12.51 and a beta of 0.38. PPL Corp. has a 52 week low of $32.08 and a 52 week high of $39.92. The company’s 50 day moving average price is $34.62 and its 200 day moving average price is $36.90.
PPL Corp. (NYSE:PPL) last issued its earnings results on Tuesday, August 9th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. PPL Corp. had a return on equity of 14.77% and a net margin of 23.56%. The business earned $1.79 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that PPL Corp. will post $2.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were paid a $0.38 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.71%. PPL Corp.’s dividend payout ratio is currently 58.69%.
A number of research firms recently commented on PPL. Zacks Investment Research raised PPL Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Hilliard Lyons downgraded PPL Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Jefferies Group downgraded PPL Corp. from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.50 to $38.00 in a research note on Thursday, July 14th. Guggenheim downgraded PPL Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 9th. Finally, Argus dropped their price target on PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. PPL Corp. currently has an average rating of “Hold” and an average target price of $37.86.
In other PPL Corp. news, insider Robert A. Symons sold 13,901 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $37.40, for a total value of $519,897.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.
About PPL Corp.
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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