Cambridge Investment Research Advisors Inc. decreased its position in shares of PPL Corp (NYSE:PPL) by 20.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,366 shares of the utilities provider’s stock after selling 22,719 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PPL were worth $2,586,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Gradient Investments LLC grew its holdings in shares of PPL by 6.3% during the 3rd quarter. Gradient Investments LLC now owns 319,916 shares of the utilities provider’s stock worth $9,361,000 after purchasing an additional 19,050 shares in the last quarter. Renaissance Technologies LLC boosted its stake in PPL by 732.4% in the second quarter. Renaissance Technologies LLC now owns 1,497,500 shares of the utilities provider’s stock valued at $42,754,000 after buying an additional 1,317,600 shares in the last quarter. BB&T Corp boosted its stake in PPL by 1.4% in the third quarter. BB&T Corp now owns 172,068 shares of the utilities provider’s stock valued at $5,035,000 after buying an additional 2,404 shares in the last quarter. Baird Financial Group Inc. boosted its stake in PPL by 2.7% in the second quarter. Baird Financial Group Inc. now owns 143,596 shares of the utilities provider’s stock valued at $4,100,000 after buying an additional 3,722 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its stake in PPL by 8.6% in the second quarter. Redpoint Investment Management Pty Ltd now owns 117,604 shares of the utilities provider’s stock valued at $3,358,000 after buying an additional 9,319 shares in the last quarter. Hedge funds and other institutional investors own 76.13% of the company’s stock.

PPL stock traded up $0.84 during trading hours on Friday, hitting $31.09. The stock had a trading volume of 5,855,672 shares, compared to its average volume of 5,443,641. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $22.07 billion, a PE ratio of 13.82, a P/E/G ratio of 2.62 and a beta of 0.41. PPL Corp has a one year low of $25.30 and a one year high of $34.94.

PPL (NYSE:PPL) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.98 billion. PPL had a return on equity of 15.23% and a net margin of 19.17%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. As a group, analysts predict that PPL Corp will post 2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th will be given a $0.41 dividend. The ex-dividend date is Friday, December 7th. This represents a $1.64 annualized dividend and a yield of 5.28%. PPL’s dividend payout ratio is presently 72.89%.

Several analysts recently weighed in on the company. TheStreet raised PPL from a “c+” rating to a “b-” rating in a research note on Tuesday, August 28th. Zacks Investment Research lowered PPL from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Morgan Stanley raised their price objective on PPL from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Citigroup assumed coverage on PPL in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $30.00 price objective on the stock. Finally, ValuEngine raised PPL from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. PPL currently has a consensus rating of “Hold” and an average target price of $32.80.

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PPL Profile

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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