Nissay Asset Management Corp Japan ADV lifted its stake in shares of PPL Corp (NYSE:PPL) by 4.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 52,327 shares of the utilities provider’s stock after buying an additional 2,079 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in PPL were worth $1,531,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC boosted its holdings in PPL by 444.8% in the second quarter. Archford Capital Strategies LLC now owns 3,868 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 3,158 shares during the period. Live Your Vision LLC boosted its holdings in PPL by 75.3% in the second quarter. Live Your Vision LLC now owns 4,190 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 1,800 shares during the period. Squar Milner Financial Services LLC acquired a new position in PPL in the second quarter worth $125,000. Westbourne Investment Advisors Inc. acquired a new position in PPL in the third quarter worth $153,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in PPL by 267.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,726 shares of the utilities provider’s stock worth $163,000 after purchasing an additional 4,168 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.
PPL stock opened at $30.83 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 2.62 and a beta of 0.40. PPL Corp has a 1 year low of $25.30 and a 1 year high of $37.35.
PPL (NYSE:PPL) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.98 billion. PPL had a return on equity of 15.23% and a net margin of 19.17%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. As a group, analysts predict that PPL Corp will post 2.35 EPS for the current year.
PPL has been the subject of a number of research reports. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of PPL from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th. Deutsche Bank downgraded shares of PPL from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Wells Fargo & Co lifted their price objective on shares of PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Finally, TheStreet raised shares of PPL from a “c+” rating to a “b-” rating in a report on Tuesday, August 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.18.
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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