PPL Corp (NYSE:PPL) Holdings Lifted by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its holdings in shares of PPL Corp (NYSE:PPL) by 111.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the utilities provider’s stock after purchasing an additional 9,876 shares during the period. FNY Investment Advisers LLC’s holdings in PPL were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Liberty Wealth Management LLC purchased a new stake in PPL during the 4th quarter worth approximately $27,000. Arlington Partners LLC purchased a new stake in shares of PPL in the 4th quarter valued at approximately $28,000. Sandy Spring Bank increased its position in shares of PPL by 109.1% in the 4th quarter. Sandy Spring Bank now owns 1,171 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 611 shares during the last quarter. Berman Capital Advisors LLC purchased a new stake in shares of PPL in the 4th quarter valued at approximately $39,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in shares of PPL in the 4th quarter valued at $41,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Shares of PPL stock opened at $30.26 on Friday. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.58 and a beta of 0.52. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.53 and a current ratio of 0.60. PPL Corp has a fifty-two week low of $25.30 and a fifty-two week high of $32.88.

PPL (NYSE:PPL) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 23.79% and a return on equity of 14.52%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, equities research analysts anticipate that PPL Corp will post 2.42 earnings per share for the current fiscal year.

A number of analysts recently weighed in on PPL shares. Zacks Investment Research cut shares of PPL from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Royal Bank of Canada cut shares of PPL from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $32.00 to $33.00 in a research note on Friday, March 8th. They noted that the move was a valuation call. Raymond James restated an “average” rating on shares of PPL in a research note on Monday. SunTrust Banks reiterated a “buy” rating and issued a $35.00 price target on shares of PPL in a report on Wednesday, February 13th. Finally, Evercore ISI downgraded shares of PPL from an “outperform” rating to an “in-line” rating in a report on Thursday, February 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.33.

In related news, Chairman Paul W. Thompson sold 7,419 shares of PPL stock in a transaction on Monday, February 11th. The shares were sold at an average price of $31.28, for a total value of $232,066.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman William H. Spence sold 225,365 shares of PPL stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $32.50, for a total transaction of $7,324,362.50. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

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PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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