Swiss National Bank raised its stake in shares of PPL Corp (NYSE:PPL) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,762,947 shares of the utilities provider’s stock after buying an additional 19,400 shares during the quarter. Swiss National Bank’s holdings in PPL were worth $85,513,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Buckhead Capital Management LLC grew its position in shares of PPL by 3.7% during the 4th quarter. Buckhead Capital Management LLC now owns 100,082 shares of the utilities provider’s stock worth $3,098,000 after buying an additional 3,609 shares during the period. California Public Employees Retirement System lifted its holdings in shares of PPL by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,845,872 shares of the utilities provider’s stock valued at $57,130,000 after purchasing an additional 20,683 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of PPL by 11.3% during the 4th quarter. Teacher Retirement System of Texas now owns 1,018,025 shares of the utilities provider’s stock valued at $31,508,000 after purchasing an additional 103,621 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of PPL by 25.0% during the 4th quarter. AE Wealth Management LLC now owns 55,932 shares of the utilities provider’s stock valued at $1,731,000 after purchasing an additional 11,196 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of PPL by 3.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 106,172 shares of the utilities provider’s stock valued at $3,256,000 after purchasing an additional 3,788 shares in the last quarter. Institutional investors own 70.50% of the company’s stock.

Shares of PPL Corp (NYSE:PPL) opened at $30.70 on Wednesday. PPL Corp has a 12 month low of $29.20 and a 12 month high of $40.20. The stock has a market capitalization of $20,970.62, a P/E ratio of 13.89, a PEG ratio of 1.87 and a beta of 0.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56.

PPL has been the topic of several research reports. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, December 12th. Macquarie cut PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research note on Tuesday, December 19th. KeyCorp restated a “hold” rating on shares of PPL in a research note on Friday, October 20th. SunTrust Banks restated a “buy” rating and issued a $42.00 target price on shares of PPL in a research note on Tuesday, December 26th. Finally, TheStreet cut PPL from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. PPL has an average rating of “Hold” and an average price target of $37.95.

In other news, SVP Joanne H. Raphael sold 5,045 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total transaction of $159,422.00. Following the sale, the senior vice president now owns 24,080 shares in the company, valued at approximately $760,928. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vincent Sorgi sold 10,274 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $31.54, for a total value of $324,041.96. Following the sale, the insider now owns 3,406 shares in the company, valued at approximately $107,425.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,163 shares of company stock worth $1,395,587. Company insiders own 0.40% of the company’s stock.

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About PPL

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. PPL operates through U.K.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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