Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of PPL Corp. (NYSE:PPL) by 83.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,895 shares of the company’s stock after buying an additional 185,835 shares during the period. PPL Corp. comprises 1.4% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 22nd largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.06% of PPL Corp. worth $15,436,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its position in shares of PPL Corp. by 0.6% in the second quarter. Retirement Systems of Alabama now owns 727,815 shares of the company’s stock worth $27,475,000 after buying an additional 4,315 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of PPL Corp. by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 585,646 shares of the company’s stock worth $22,109,000 after buying an additional 8,772 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of PPL Corp. by 7.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 81,220 shares of the company’s stock worth $3,092,000 after buying an additional 5,460 shares in the last quarter. Advisory Services Network LLC increased its position in shares of PPL Corp. by 123.1% in the second quarter. Advisory Services Network LLC now owns 12,386 shares of the company’s stock worth $468,000 after buying an additional 6,834 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of PPL Corp. by 14.4% in the second quarter. CIBC World Markets Inc. now owns 81,486 shares of the company’s stock worth $3,076,000 after buying an additional 10,260 shares in the last quarter. Hedge funds and other institutional investors own 69.51% of the company’s stock.

Institutional Ownership by Quarter for PPL Corp. (NYSE:PPL)

PPL Corp. (NYSE:PPL) traded up 1.06% on Tuesday, hitting $33.41. 3,877,357 shares of the stock traded hands. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 12.96 and a beta of 0.38. The stock has a 50-day moving average price of $34.20 and a 200 day moving average price of $36.69. PPL Corp. has a 1-year low of $32.08 and a 1-year high of $39.92.

PPL Corp. (NYSE:PPL) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. PPL Corp. had a net margin of 23.56% and a return on equity of 14.77%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company posted $0.49 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that PPL Corp. will post $2.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.55%. PPL Corp.’s payout ratio is currently 58.69%.

A number of equities analysts have weighed in on PPL shares. Vetr raised shares of PPL Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, July 14th. Argus dropped their target price on shares of PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Barclays PLC dropped their target price on shares of PPL Corp. from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $44.00 target price on shares of PPL Corp. in a research note on Friday, August 5th. Finally, Zacks Investment Research raised shares of PPL Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.86.

PPL Corp. Company 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. It operates through three segments: U.K.

5 Day Chart for NYSE:PPL

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