PPL Corp (PPL) Shares Bought by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of PPL Corp (NYSE:PPL) by 32.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,970 shares of the utilities provider’s stock after acquiring an additional 5,891 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in PPL were worth $742,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PPL. Canada Pension Plan Investment Board raised its stake in shares of PPL by 993.5% during the third quarter. Canada Pension Plan Investment Board now owns 1,702,384 shares of the utilities provider’s stock valued at $64,605,000 after acquiring an additional 1,546,706 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of PPL by 16.5% during the third quarter. Prudential Financial Inc. now owns 5,030,604 shares of the utilities provider’s stock valued at $190,912,000 after acquiring an additional 714,250 shares in the last quarter. Denali Advisors LLC raised its stake in shares of PPL by 1,383.1% during the third quarter. Denali Advisors LLC now owns 426,348 shares of the utilities provider’s stock valued at $16,180,000 after acquiring an additional 397,600 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of PPL by 14.8% during the second quarter. UBS Asset Management Americas Inc. now owns 2,714,803 shares of the utilities provider’s stock valued at $104,954,000 after acquiring an additional 349,588 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of PPL by 17.4% during the third quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock valued at $66,100,000 after acquiring an additional 258,600 shares in the last quarter. 71.26% of the stock is owned by hedge funds and other institutional investors.

Shares of PPL Corp (NYSE PPL) traded up $0.20 during trading hours on Tuesday, reaching $31.08. 6,844,900 shares of the company were exchanged, compared to its average volume of 7,191,689. The company has a market capitalization of $21,610.00, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48. PPL Corp has a 52 week low of $30.44 and a 52 week high of $40.20. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.79.

PPL (NYSE:PPL) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.03 billion. PPL had a net margin of 20.60% and a return on equity of 15.30%. PPL’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. equities analysts anticipate that PPL Corp will post 2.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Thursday, December 7th. PPL’s dividend payout ratio (DPR) is 71.49%.

Several analysts have recently weighed in on the stock. ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. SunTrust Banks reaffirmed a “buy” rating and set a $39.00 price target on shares of PPL in a research note on Tuesday, January 9th. Guggenheim reaffirmed a “hold” rating and set a $32.00 price target on shares of PPL in a research note on Wednesday, January 3rd. Finally, Macquarie downgraded shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $38.72.

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PPL Company Profile

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. PPL operates through U.K.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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