Cambridge Investment Research Advisors Inc. lessened its stake in PPL Corp (NYSE:PPL) by 20.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 88,366 shares of the utilities provider’s stock after selling 22,719 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in PPL were worth $2,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beach Investment Counsel Inc. PA raised its position in shares of PPL by 25.8% during the 3rd quarter. Beach Investment Counsel Inc. PA now owns 389,023 shares of the utilities provider’s stock worth $11,383,000 after acquiring an additional 79,885 shares in the last quarter. Daiwa Securities Group Inc. increased its position in PPL by 17.4% during the third quarter. Daiwa Securities Group Inc. now owns 30,374 shares of the utilities provider’s stock worth $888,000 after buying an additional 4,512 shares during the period. Private Advisor Group LLC increased its position in PPL by 77.9% during the third quarter. Private Advisor Group LLC now owns 111,490 shares of the utilities provider’s stock worth $3,262,000 after buying an additional 48,807 shares during the period. Financial Sense Advisors Inc. acquired a new position in PPL during the third quarter worth approximately $758,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in PPL by 14.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 28,223 shares of the utilities provider’s stock worth $826,000 after buying an additional 3,505 shares during the period. Institutional investors and hedge funds own 77.91% of the company’s stock.

Several research analysts have commented on the company. TheStreet raised PPL from a “c+” rating to a “b-” rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered PPL from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Morgan Stanley lifted their price target on PPL from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Citigroup assumed coverage on PPL in a research report on Thursday, August 23rd. They set a “neutral” rating and a $30.00 price target on the stock. Finally, ValuEngine raised PPL from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.18.

PPL opened at $30.50 on Friday. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.69 and a beta of 0.40. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. PPL Corp has a 52 week low of $25.30 and a 52 week high of $36.99.

PPL (NYSE:PPL) last released its earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.98 billion. PPL had a return on equity of 15.23% and a net margin of 19.17%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. Equities analysts predict that PPL Corp will post 2.34 earnings per share for the current fiscal year.

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PPL Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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