Gierl Augustine Investment Management Inc increased its stake in PPL Corp. (NYSE:PPL) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,078 shares of the company’s stock after buying an additional 3,270 shares during the period. PPL Corp. accounts for approximately 2.7% of Gierl Augustine Investment Management Inc’s holdings, making the stock its 15th largest position. Gierl Augustine Investment Management Inc’s holdings in PPL Corp. were worth $3,010,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. QCI Asset Management Inc. NY boosted its position in PPL Corp. by 1.8% in the second quarter. QCI Asset Management Inc. NY now owns 3,100 shares of the company’s stock valued at $117,000 after buying an additional 55 shares during the last quarter. Citizens Financial Group Inc RI boosted its position in PPL Corp. by 4.2% in the second quarter. Citizens Financial Group Inc RI now owns 3,823 shares of the company’s stock valued at $145,000 after buying an additional 153 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in PPL Corp. by 97.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,040 shares of the company’s stock valued at $153,000 after buying an additional 1,991 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in PPL Corp. by 18.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 4,474 shares of the company’s stock valued at $169,000 after buying an additional 683 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd boosted its position in PPL Corp. by 2,250.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock valued at $177,000 after buying an additional 4,500 shares during the last quarter. 69.01% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of PPL Corp. (NYSE:PPL) traded up 0.12% on Tuesday, reaching $34.19. The company had a trading volume of 4,035,469 shares. PPL Corp. has a one year low of $32.08 and a one year high of $39.92. The firm has a market cap of $23.24 billion, a P/E ratio of 12.70 and a beta of 0.41. The company has a 50-day moving average price of $33.41 and a 200-day moving average price of $35.84.

PPL Corp. (NYSE:PPL) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The firm earned $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. PPL Corp. had a return on equity of 15.66% and a net margin of 24.59%. PPL Corp.’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. On average, analysts expect that PPL Corp. will post $2.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. PPL Corp.’s dividend payout ratio (DPR) is 56.30%.

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Several research firms have recently issued reports on PPL. Zacks Investment Research cut PPL Corp. from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Group decreased their price target on PPL Corp. from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. Guggenheim cut PPL Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reissued a “hold” rating and issued a $44.00 price target on shares of PPL Corp. in a research note on Friday, August 5th. Finally, Bank of America Corp. cut PPL Corp. from a “buy” rating to a “neutral” rating and set a $32.00 price target for the company. in a research note on Tuesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.71.

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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