Teacher Retirement System of Texas boosted its position in PPL Corp. (NYSE:PPL) by 643.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 358,555 shares of the company’s stock after buying an additional 310,323 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of PPL Corp. worth $12,395,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of PPL. Exxonmobil Investment Management Inc. TX boosted its position in shares of PPL Corp. by 6.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 175,227 shares of the company’s stock worth $6,615,000 after buying an additional 11,159 shares during the last quarter. DNB Asset Management AS boosted its position in shares of PPL Corp. by 14.6% in the second quarter. DNB Asset Management AS now owns 58,030 shares of the company’s stock worth $2,191,000 after buying an additional 7,400 shares during the last quarter. British Columbia Investment Management Corp boosted its position in shares of PPL Corp. by 0.9% in the second quarter. British Columbia Investment Management Corp now owns 308,281 shares of the company’s stock worth $11,638,000 after buying an additional 2,870 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in shares of PPL Corp. by 8.2% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 475,960 shares of the company’s stock worth $17,968,000 after buying an additional 35,959 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of PPL Corp. by 4.4% in the second quarter. Raymond James Trust N.A. now owns 49,098 shares of the company’s stock worth $1,854,000 after buying an additional 2,048 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

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

Shares of PPL Corp. (NYSE:PPL) traded up 0.18% on Tuesday, reaching $34.21. The company’s stock had a trading volume of 1,783,479 shares. PPL Corp. has a 12-month low of $32.08 and a 12-month high of $39.92. The company’s 50 day moving average price is $33.41 and its 200 day moving average price is $35.84. The company has a market cap of $23.25 billion, a P/E ratio of 12.71 and a beta of 0.41.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.44%. The ex-dividend date is Wednesday, December 7th. PPL Corp.’s dividend payout ratio (DPR) is currently 56.30%.

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A number of brokerages have issued reports on PPL. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $44.00 target price on shares of PPL Corp. in a report on Friday, August 5th. 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. Argus decreased their price target on PPL Corp. from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Finally, Wolfe Research raised PPL Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 14th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. PPL Corp. presently has an average rating of “Hold” and a consensus price target of $37.71.

About PPL Corp.

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.

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