4,304 Shares in PPL Corp (PPL) Purchased by Crewe Advisors LLC

Crewe Advisors LLC bought a new stake in PPL Corp (NYSE:PPL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,304 shares of the utilities provider’s stock, valued at approximately $133,000.

Other institutional investors also recently modified their holdings of the company. Parametric Portfolio Associates LLC increased its holdings in PPL by 1.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,784,213 shares of the utilities provider’s stock valued at $67,711,000 after buying an additional 33,483 shares in the last quarter. California Public Employees Retirement System increased its holdings in PPL by 8.4% in the third quarter. California Public Employees Retirement System now owns 1,825,189 shares of the utilities provider’s stock valued at $69,266,000 after buying an additional 140,670 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in PPL by 34.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 187,554 shares of the utilities provider’s stock valued at $7,117,000 after buying an additional 47,827 shares in the last quarter. KBC Group NV increased its holdings in PPL by 5.0% in the third quarter. KBC Group NV now owns 76,705 shares of the utilities provider’s stock valued at $2,911,000 after buying an additional 3,633 shares in the last quarter. Finally, Rothschild Investment Corp IL increased its holdings in PPL by 33.8% in the fourth quarter. Rothschild Investment Corp IL now owns 13,250 shares of the utilities provider’s stock valued at $410,000 after buying an additional 3,350 shares in the last quarter. 73.65% of the stock is owned by institutional investors.

A number of brokerages have issued reports on PPL. SunTrust Banks set a $37.00 target price on shares of PPL and gave the company a “buy” rating in a report on Monday, February 12th. ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, December 12th. Guggenheim reissued a “hold” rating and set a $32.00 price objective on shares of PPL in a research note on Wednesday, January 3rd. Finally, TheStreet cut shares of PPL from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.95.

PPL Corp (NYSE PPL) opened at $31.45 on Tuesday. 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 Corp has a 12 month low of $29.20 and a 12 month high of $40.20. The firm has a market cap of $21,650.00, a P/E ratio of 14.23, a PEG ratio of 1.93 and a beta of 0.46.

In other PPL news, insider Vincent Sorgi sold 10,274 shares of PPL stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.54, for a total value of $324,041.96. Following the completion of the sale, the insider now directly owns 3,406 shares of the company’s stock, valued at approximately $107,425.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory N. Dudkin sold 9,320 shares of PPL stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $31.67, for a total transaction 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 ninety days. 0.40% of the stock is owned by corporate insiders.

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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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