Quadrant Private Wealth Management LLC Grows Position in PPL Corp (PPL)

Quadrant Private Wealth Management LLC increased its position in shares of PPL Corp (NYSE:PPL) by 17.5% in the 2nd quarter, Holdings Channel reports. The firm owned 42,722 shares of the utilities provider’s stock after purchasing an additional 6,353 shares during the quarter. PPL comprises approximately 1.2% of Quadrant Private Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Quadrant Private Wealth Management LLC’s holdings in PPL were worth $1,220,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Live Your Vision LLC raised its holdings in PPL by 75.3% in the 2nd quarter. Live Your Vision LLC now owns 4,190 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 1,800 shares in the last quarter. Haverford Trust Co. raised its holdings in PPL by 9.9% in the 1st quarter. Haverford Trust Co. now owns 20,039 shares of the utilities provider’s stock valued at $567,000 after acquiring an additional 1,811 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in PPL by 9.6% in the 1st quarter. IFM Investors Pty Ltd now owns 20,886 shares of the utilities provider’s stock valued at $591,000 after acquiring an additional 1,832 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in PPL by 1.9% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 108,238 shares of the utilities provider’s stock valued at $3,062,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in PPL by 19.3% in the 1st quarter. Summit Trail Advisors LLC now owns 12,715 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 2,060 shares in the last quarter. 70.79% of the stock is owned by institutional investors and hedge funds.

Shares of PPL opened at $28.84 on Friday, according to Marketbeat.com. PPL Corp has a 52-week low of $25.30 and a 52-week high of $39.90. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.52 and a current ratio of 0.58. The firm has a market capitalization of $20.24 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 2.47 and a beta of 0.51.

PPL (NYSE:PPL) last issued its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. PPL had a return on equity of 15.30% and a net margin of 18.08%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion. equities research analysts expect that PPL Corp will post 2.34 earnings per share for the current year.

PPL has been the subject of several analyst reports. UBS Group dropped their price objective on PPL from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, June 8th. ValuEngine cut PPL from a “sell” rating to a “strong sell” rating in a report on Thursday, May 17th. Zacks Investment Research raised PPL from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Deutsche Bank cut PPL from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on PPL from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.22.

PPL Company 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.

Further Reading: Investing in Growth Stocks

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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