Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.68 Million Position in PPL Corp (PPL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in PPL Corp (NYSE:PPL) by 21.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,408 shares of the utilities provider’s stock after selling 15,770 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PPL were worth $1,680,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. National Asset Management Inc. boosted its holdings in shares of PPL by 20.5% during the 3rd quarter. National Asset Management Inc. now owns 12,405 shares of the utilities provider’s stock worth $365,000 after buying an additional 2,113 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in shares of PPL by 5.5% during the 3rd quarter. Valley National Advisers Inc. now owns 69,903 shares of the utilities provider’s stock worth $2,045,000 after buying an additional 3,617 shares in the last quarter. Yorktown Management & Research Co Inc boosted its holdings in shares of PPL by 300.0% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 100,000 shares of the utilities provider’s stock worth $2,926,000 after buying an additional 75,000 shares in the last quarter. Norinchukin Bank The boosted its holdings in shares of PPL by 17.7% during the 3rd quarter. Norinchukin Bank The now owns 93,199 shares of the utilities provider’s stock worth $2,727,000 after buying an additional 13,996 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its holdings in shares of PPL by 30.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 391,296 shares of the utilities provider’s stock worth $11,449,000 after buying an additional 91,490 shares in the last quarter. Institutional investors and hedge funds own 78.35% of the company’s stock.

Shares of PPL opened at $30.84 on Friday. PPL Corp has a 12-month low of $25.30 and a 12-month high of $36.99. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $22.07 billion, a P/E ratio of 13.71, a PEG ratio of 2.62 and a beta of 0.40.

PPL (NYSE:PPL) last issued its earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $0.56 EPS. PPL’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that PPL Corp will post 2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Friday, December 7th. PPL’s dividend payout ratio is currently 72.89%.

A number of equities analysts have issued reports on the company. ValuEngine upgraded PPL from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut PPL from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Wells Fargo & Co increased their price target on PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Morgan Stanley increased their price target on PPL from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Finally, TheStreet upgraded PPL from a “c+” rating to a “b-” rating in a report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. PPL currently has an average rating of “Hold” and an average price target of $34.18.

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PPL Profile

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.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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