Vident Investment Advisory LLC Acquires 7,695 Shares of PPL Co. (PPL)

Vident Investment Advisory LLC boosted its holdings in shares of PPL Co. (NYSE:PPL) by 48.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,532 shares of the utilities provider’s stock after buying an additional 7,695 shares during the quarter. Vident Investment Advisory LLC’s holdings in PPL were worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PPL. Parametric Portfolio Associates LLC boosted its position in shares of PPL by 1.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,784,213 shares of the utilities provider’s stock worth $67,711,000 after purchasing an additional 33,483 shares during the period. California Public Employees Retirement System boosted its position in shares of PPL by 8.4% in the third quarter. California Public Employees Retirement System now owns 1,825,189 shares of the utilities provider’s stock worth $69,266,000 after purchasing an additional 140,670 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of PPL by 34.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 187,554 shares of the utilities provider’s stock worth $7,117,000 after purchasing an additional 47,827 shares during the period. Rothschild Investment Corp IL boosted its position in shares of PPL by 33.8% in the fourth quarter. Rothschild Investment Corp IL now owns 13,250 shares of the utilities provider’s stock worth $410,000 after purchasing an additional 3,350 shares during the period. Finally, KBC Group NV boosted its position in shares of PPL by 5.0% in the third quarter. KBC Group NV now owns 76,705 shares of the utilities provider’s stock worth $2,911,000 after purchasing an additional 3,633 shares during the period. Institutional investors own 71.44% of the company’s stock.

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In related news, insider Gregory N. Dudkin sold 2,378 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $29.19, for a total transaction of $69,413.82. Following the sale, the insider now owns 23,562 shares of the company’s stock, valued at $687,774.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vincent Sorgi sold 10,274 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $31.54, for a total transaction of $324,041.96. Following the sale, the insider now directly owns 3,406 shares in the company, valued at approximately $107,425.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,978 shares of company stock worth $1,652,939. 0.40% of the stock is owned by insiders.

Several research firms have recently commented on PPL. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, December 12th. Canaccord Genuity reissued a “buy” rating and issued a $48.00 target price on shares of PPL in a report on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and issued a $42.00 target price on shares of PPL in a report on Tuesday, December 26th. Deutsche Bank raised shares of PPL from a “hold” rating to a “buy” rating and lowered their target price for the stock from $39.00 to $36.00 in a report on Thursday, January 18th. Finally, ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.50.

Shares of PPL stock opened at $27.13 on Friday. The stock has a market cap of $18,961.44, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.97 and a beta of 0.54. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.49 and a current ratio of 0.57. PPL Co. has a 12 month low of $27.08 and a 12 month high of $40.20.

PPL (NYSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.03 billion. PPL had a net margin of 15.15% and a return on equity of 14.75%. PPL’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. equities analysts forecast that PPL Co. will post 2.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a dividend of $0.41 per share. This is an increase from PPL’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.64 dividend on an annualized basis and a yield of 6.04%. PPL’s dividend payout ratio is presently 100.00%.

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About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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