PPL Corp (PPL) Stake Lowered by TD Asset Management Inc.

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TD Asset Management Inc. decreased its position in shares of PPL Corp (NYSE:PPL) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,003,075 shares of the utilities provider’s stock after selling 60,456 shares during the quarter. TD Asset Management Inc.’s holdings in PPL were worth $29,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its holdings in PPL by 77.9% in the third quarter. Private Advisor Group LLC now owns 111,490 shares of the utilities provider’s stock worth $3,262,000 after purchasing an additional 48,807 shares during the last quarter. Financial Sense Advisors Inc. purchased a new stake in PPL in the third quarter worth approximately $758,000. Northwestern Mutual Wealth Management Co. boosted its holdings in PPL by 14.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 28,223 shares of the utilities provider’s stock worth $826,000 after purchasing an additional 3,505 shares during the last quarter. Willingdon Wealth Management boosted its holdings in PPL by 2.8% in the third quarter. Willingdon Wealth Management now owns 144,515 shares of the utilities provider’s stock worth $4,229,000 after purchasing an additional 3,915 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in PPL by 507.4% in the third quarter. Moody National Bank Trust Division now owns 71,825 shares of the utilities provider’s stock worth $2,101,000 after purchasing an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

PPL opened at $31.69 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.51 and a current ratio of 0.58. PPL Corp has a 1-year low of $25.30 and a 1-year high of $37.34. The company has a market capitalization of $22.59 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40.

PPL (NYSE:PPL) last released its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. PPL had a net margin of 19.17% and a return on equity of 15.23%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $0.56 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts anticipate that PPL Corp will post 2.35 EPS for the current year.

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of PPL from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Citigroup assumed coverage on shares of PPL in a report on Thursday, August 23rd. They issued a “neutral” rating and a $30.00 target price on the stock. TheStreet upgraded shares of PPL from a “c+” rating to a “b-” rating in a report on Tuesday, August 28th. Wells Fargo & Co raised their target price on shares of PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Finally, Zacks Investment Research upgraded shares of PPL from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.18.

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About PPL

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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