PPL Corp (NYSE:PPL) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lessened its holdings in PPL Corp (NYSE:PPL) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,779 shares of the utilities provider’s stock after selling 1,931 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in PPL were worth $1,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PPL. Parametric Portfolio Associates LLC lifted its stake in PPL by 1.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,784,213 shares of the utilities provider’s stock valued at $67,711,000 after purchasing an additional 33,483 shares during the last quarter. California Public Employees Retirement System raised its holdings in PPL by 8.4% during the 3rd quarter. California Public Employees Retirement System now owns 1,825,189 shares of the utilities provider’s stock valued at $69,266,000 after acquiring an additional 140,670 shares during the period. Cornerstone Capital Management Holdings LLC. raised its holdings in PPL by 34.2% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 187,554 shares of the utilities provider’s stock valued at $7,117,000 after acquiring an additional 47,827 shares during the period. KBC Group NV raised its holdings in PPL by 5.0% during the 3rd quarter. KBC Group NV now owns 76,705 shares of the utilities provider’s stock valued at $2,911,000 after acquiring an additional 3,633 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of PPL by 17.4% in the third quarter. New York State Common Retirement Fund now owns 1,741,770 shares of the utilities provider’s stock worth $66,100,000 after purchasing an additional 258,600 shares during the period. Hedge funds and other institutional investors own 70.50% of the company’s stock.

PPL Corp (NYSE:PPL) traded up $0.54 during trading on Thursday, hitting $30.81. 2,459,828 shares of the stock were exchanged, compared to its average volume of 6,321,576. 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 stock has a market capitalization of $21,120.00, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.88 and a beta of 0.46. PPL Corp has a one year low of $29.20 and a one year high of $40.20.

In other news, insider Gregory N. Dudkin sold 9,320 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $31.67, for a total transaction of $295,164.40. Following the completion of the sale, the insider now directly owns 25,940 shares in the company, valued at $821,519.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Victor A. Staffieri sold 19,524 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total transaction of $616,958.40. Following the completion of the sale, the chairman now owns 29,084 shares of the company’s stock, valued at $919,054.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,163 shares of company stock valued at $1,395,587. 0.40% of the stock is currently owned by company insiders.

PPL has been the topic of a number of research analyst reports. Macquarie cut PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Tuesday, December 12th. SunTrust Banks restated a “buy” rating and set a $42.00 price target on shares of PPL in a research report on Tuesday, December 26th. UBS Group initiated coverage on shares of PPL in a research report on Friday, February 2nd. They set a “buy” rating and a $40.00 price target for the company. Finally, Royal Bank of Canada restated a “hold” rating and set a $33.00 price target on shares of PPL in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.95.

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About PPL

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.

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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