Keybank National Association OH Has $498,000 Stock Holdings in PPL Corp (NYSE:PPL)

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Keybank National Association OH grew its holdings in PPL Corp (NYSE:PPL) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,061 shares of the utilities provider’s stock after purchasing an additional 1,292 shares during the quarter. Keybank National Association OH’s holdings in PPL were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. 6 Meridian grew its holdings in PPL by 2.2% during the second quarter. 6 Meridian now owns 16,281 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 358 shares during the period. World Asset Management Inc grew its holdings in PPL by 0.8% during the second quarter. World Asset Management Inc now owns 51,946 shares of the utilities provider’s stock valued at $1,611,000 after purchasing an additional 396 shares during the period. CIBC Private Wealth Group LLC grew its holdings in PPL by 2.0% during the second quarter. CIBC Private Wealth Group LLC now owns 21,235 shares of the utilities provider’s stock valued at $658,000 after purchasing an additional 412 shares during the period. Shulman DeMeo Asset Management LLC boosted its holdings in shares of PPL by 5.8% in the second quarter. Shulman DeMeo Asset Management LLC now owns 7,677 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 420 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of PPL by 1.5% in the first quarter. Wealthcare Advisory Partners LLC now owns 28,483 shares of the utilities provider’s stock worth $904,000 after acquiring an additional 422 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Shares of NYSE PPL opened at $29.59 on Wednesday. The firm’s 50-day moving average price is $30.04 and its 200-day moving average price is $30.98. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 12.33 and a beta of 0.51. PPL Corp has a 12-month low of $27.31 and a 12-month high of $32.88.

PPL (NYSE:PPL) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. PPL had a net margin of 22.97% and a return on equity of 14.57%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. On average, equities analysts predict that PPL Corp will post 2.42 EPS for the current fiscal year.

In related news, insider Philip Swift sold 3,782 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $30.26, for a total transaction of $114,443.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on PPL shares. Morgan Stanley set a $30.00 price target on PPL and gave the stock a “hold” rating in a report on Friday, August 16th. ValuEngine lowered PPL from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James reaffirmed an “average” rating on shares of PPL in a report on Monday, May 6th. Mizuho initiated coverage on PPL in a report on Monday, June 3rd. They issued a “neutral” rating and a $30.00 price target for the company. Finally, Evercore ISI set a $31.00 price objective on PPL and gave the stock a “hold” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. PPL currently has an average rating of “Hold” and an average price target of $35.75.

About PPL

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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