Cetera Investment Advisers Has $841,000 Stake in PPL Corp (PPL)

Cetera Investment Advisers lowered its stake in PPL Corp (NYSE:PPL) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,299 shares of the utilities provider’s stock after selling 2,122 shares during the period. Cetera Investment Advisers’ holdings in PPL were worth $841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PPL. Curbstone Financial Management Corp increased its holdings in shares of PPL by 100.0% in the third quarter. Curbstone Financial Management Corp now owns 17,572 shares of the utilities provider’s stock worth $667,000 after buying an additional 8,786 shares during the period. LS Investment Advisors LLC grew its stake in shares of PPL by 2.6% in the third quarter. LS Investment Advisors LLC now owns 62,802 shares of the utilities provider’s stock worth $2,383,000 after purchasing an additional 1,601 shares during the last quarter. Denali Advisors LLC grew its stake in shares of PPL by 1,383.1% in the third quarter. Denali Advisors LLC now owns 426,348 shares of the utilities provider’s stock worth $16,180,000 after purchasing an additional 397,600 shares during the last quarter. TIAA FSB grew its stake in shares of PPL by 20.5% in the third quarter. TIAA FSB now owns 18,567 shares of the utilities provider’s stock worth $705,000 after purchasing an additional 3,163 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of PPL by 8.9% in the third quarter. Aperio Group LLC now owns 320,489 shares of the utilities provider’s stock worth $12,163,000 after purchasing an additional 26,172 shares during the last quarter. Hedge funds and other institutional investors own 70.50% of the company’s stock.

Shares of PPL Corp (PPL) opened at $30.27 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $21,135.85, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.88 and a beta of 0.45. PPL Corp has a 12-month low of $29.20 and a 12-month high of $40.20.

Several research firms recently issued reports on PPL. SunTrust Banks set a $37.00 target price on PPL and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research raised PPL from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, December 12th. ValuEngine raised PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Guggenheim reissued a “hold” rating and issued a $32.00 target price on shares of PPL in a research note on Wednesday, January 3rd. Finally, KeyCorp reissued a “hold” rating on shares of PPL in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. PPL has a consensus rating of “Hold” and an average price target of $37.95.

In other PPL news, insider Vincent Sorgi sold 10,274 shares of PPL stock in a transaction that occurred on Tuesday, January 30th. The stock was 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 of the company’s stock, valued at approximately $107,425.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Victor A. Staffieri sold 19,524 shares of PPL stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total value of $616,958.40. Following the sale, the chairman now directly owns 29,084 shares in the company, valued at $919,054.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,163 shares of company stock worth $1,395,587. Insiders own 0.40% of the company’s stock.

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PPL 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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