Keybank National Association OH Boosts Position in PPL Corp (NYSE:PPL)

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

Other large investors also recently modified their holdings of the company. Thor Advisors LLC acquired a new stake in PPL during the 1st quarter worth about $35,000. Private Capital Group LLC grew its stake in shares of PPL by 68.6% in the 1st quarter. Private Capital Group LLC now owns 1,111 shares of the utilities provider’s stock valued at $35,000 after buying an additional 452 shares in the last quarter. Manchester Financial Inc. bought a new stake in shares of PPL in the 2nd quarter valued at approximately $38,000. Resources Investment Advisors Inc. grew its stake in shares of PPL by 129.8% in the 1st quarter. Resources Investment Advisors Inc. now owns 1,241 shares of the utilities provider’s stock valued at $39,000 after buying an additional 701 shares in the last quarter. Finally, Tompkins Financial Corp bought a new stake in shares of PPL in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Several equities research analysts recently commented on PPL shares. Zacks Investment Research raised PPL from a “sell” rating to a “hold” rating and set a $32.00 price target for the company in a research note on Monday, July 22nd. Raymond James reissued an “average” rating on shares of PPL in a research note on Monday, May 6th. Evercore ISI set a $31.00 price target on PPL and gave the company a “hold” rating in a research note on Wednesday, August 7th. UBS Group lowered their price target on PPL from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Finally, GMP Securities reissued an “average” rating and issued a $59.00 price target on shares of PPL in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.75.

Shares of NYSE PPL opened at $29.59 on Wednesday. The company has a market capitalization of $21.24 billion, a P/E ratio of 12.33 and a beta of 0.51. The stock has a 50 day moving average of $30.04 and a 200-day moving average of $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. 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 results on Tuesday, August 6th. The utilities provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. PPL had a return on equity of 14.57% and a net margin of 22.97%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. 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 PPL stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $30.26, for a total transaction of $114,443.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

PPL Company Profile

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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