Hennessy Advisors Inc. raised its position in PPL Corp. (NYSE:PPL) by 13.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 526,819 shares of the company’s stock after buying an additional 60,600 shares during the period. Hennessy Advisors Inc. owned 0.08% of PPL Corp. worth $18,212,000 as of its most recent filing with the SEC.

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

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

PPL Corp. (NYSE:PPL) traded down 0.82% during midday trading on Wednesday, reaching $33.91. 1,649,406 shares of the company traded hands. The stock has a market capitalization of $23.05 billion, a P/E ratio of 12.60 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. has a one year low of $32.08 and a one year high of $39.92.

PPL Corp. (NYSE:PPL) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. PPL Corp. had a net margin of 24.59% and a return on equity of 15.66%. The business earned $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.51 earnings per share. PPL Corp.’s quarterly 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 announced 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. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Wednesday, December 7th. PPL Corp.’s dividend payout ratio is currently 56.30%.

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PPL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PPL Corp. from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, November 25th. Argus decreased their price objective on shares of PPL Corp. from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, September 9th. Jefferies Group restated a “hold” rating and issued a $37.00 price objective on shares of PPL Corp. in a research report on Tuesday, October 25th. Credit Suisse Group AG restated a “hold” rating and issued a $44.00 price objective on shares of PPL Corp. in a research report on Friday, August 5th. Finally, Bank of America Corp. cut shares of PPL Corp. from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research report on Tuesday, November 22nd. Ten 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 a consensus 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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