California Public Employees Retirement System Increases Holdings in PPL Corp (PPL)

California Public Employees Retirement System grew its position in PPL Corp (NYSE:PPL) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,845,872 shares of the utilities provider’s stock after acquiring an additional 20,683 shares during the quarter. California Public Employees Retirement System owned 0.27% of PPL worth $57,130,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Boston Partners bought a new position in shares of PPL during the 4th quarter worth approximately $81,658,000. Canada Pension Plan Investment Board lifted its position in shares of PPL by 993.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,702,384 shares of the utilities provider’s stock worth $64,605,000 after buying an additional 1,546,706 shares during the period. Bank of Montreal Can lifted its position in shares of PPL by 41.9% during the 4th quarter. Bank of Montreal Can now owns 2,654,343 shares of the utilities provider’s stock worth $82,152,000 after buying an additional 783,951 shares during the period. Prudential Financial Inc. lifted its position in shares of PPL by 16.5% during the 3rd quarter. Prudential Financial Inc. now owns 5,030,604 shares of the utilities provider’s stock worth $190,912,000 after buying an additional 714,250 shares during the period. Finally, Denali Advisors LLC lifted its position in shares of PPL by 1,383.1% during the 3rd quarter. Denali Advisors LLC now owns 426,348 shares of the utilities provider’s stock worth $16,180,000 after buying an additional 397,600 shares during the period. Institutional investors own 70.50% of the company’s stock.

Several equities analysts recently commented on the company. SunTrust Banks set a $37.00 target price on PPL and gave the stock a “buy” rating in a research report on Monday. UBS Group initiated coverage on PPL in a report on Friday, February 2nd. They set a “buy” rating and a $40.00 price target for the company. ValuEngine cut PPL from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $33.00 price target on shares of PPL in a report on Thursday, February 1st. Finally, TheStreet cut PPL from a “b-” rating to a “c+” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. PPL has an average rating of “Hold” and a consensus price target of $37.95.

In other news, SVP Joanne H. Raphael sold 5,045 shares of PPL stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total value of $159,422.00. Following the completion of the sale, the senior vice president now directly owns 24,080 shares of the company’s stock, valued at approximately $760,928. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $31.67, for a total value of $295,164.40. Following the completion of the sale, the insider now directly owns 25,940 shares of the company’s stock, valued at $821,519.80. The disclosure for this sale can be found here. Insiders sold a total of 44,163 shares of company stock valued at $1,395,587 over the last three months. Insiders own 0.40% of the company’s stock.

Shares of PPL Corp (NYSE:PPL) opened at $30.46 on Tuesday. The firm has a market capitalization of $20,970.00, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.85 and a beta of 0.46. PPL Corp has a twelve month low of $29.20 and a twelve month high of $40.20. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79.

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PPL 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. PPL operates through U.K.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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