Suntrust Banks Inc. trimmed its stake in PPL Corp (NYSE:PPL) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 435,748 shares of the utilities provider’s stock after selling 10,095 shares during the period. Suntrust Banks Inc. owned approximately 0.06% of PPL worth $13,485,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cutler Capital Management LLC purchased a new position in shares of PPL in the 3rd quarter valued at $114,000. Taylor Hoffman Wealth Management purchased a new position in shares of PPL in the 4th quarter valued at $124,000. Cerebellum GP LLC purchased a new position in shares of PPL in the 4th quarter valued at $128,000. Crewe Advisors LLC purchased a new position in shares of PPL in the 4th quarter valued at $133,000. Finally, Calton & Associates Inc. purchased a new position in shares of PPL in the 4th quarter valued at $156,000. 73.65% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Joanne H. Raphael sold 5,045 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were 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 owns 24,080 shares in the company, valued at approximately $760,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory N. Dudkin sold 9,320 shares of the firm’s stock in a transaction 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 owns 25,940 shares of the company’s stock, valued at approximately $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 in the last 90 days. Company insiders own 0.40% of the company’s stock.
A number of research analysts recently commented on PPL shares. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, December 12th. Macquarie downgraded shares of PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, December 19th. TheStreet downgraded shares of PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. SunTrust Banks reissued a “buy” rating and set a $42.00 price objective on shares of PPL in a research report on Tuesday, December 26th. Finally, Guggenheim reissued a “hold” rating and set a $32.00 price objective on shares of PPL in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.95.
PPL Corp (NYSE PPL) opened at $30.35 on Thursday. PPL Corp has a 52-week low of $29.20 and a 52-week high of $40.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56. The stock has a market cap of $21,225.35, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.45.
PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. PPL had a net margin of 20.60% and a return on equity of 15.30%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $0.60 EPS. PPL’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts anticipate that PPL Corp will post 2.18 earnings per share for the current fiscal year.
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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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