Traders purchased shares of PPL Corp. (NYSE:PPL) on weakness during trading hours on Friday. $32.68 million flowed into the stock on the tick-up and $18.59 million flowed out of the stock on the tick-down, for a money net flow of $14.09 million into the stock. Of all equities tracked, PPL Corp. had the 23rd highest net in-flow for the day. PPL Corp. traded down ($0.20) for the day and closed at $36.76

PPL has been the topic of several recent analyst reports. Credit Suisse Group AG reiterated a “buy” rating and set a $40.00 target price on shares of PPL Corp. in a research note on Tuesday, April 12th. Deutsche Bank AG reiterated a “hold” rating on shares of PPL Corp. in a research note on Monday, April 18th. Barclays PLC increased their target price on PPL Corp. from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Jefferies Group reiterated a “buy” rating and set a $41.50 target price on shares of PPL Corp. in a research note on Friday, April 29th. Finally, Zacks Investment Research downgraded PPL Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.32.

The stock has a 50-day moving average price of $37.56 and a 200-day moving average price of $37.15. The stock has a market cap of $24.88 billion and a PE ratio of 48.50.

In related news, CEO William H. Spence sold 156,224 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $38.79, for a total value of $6,059,928.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph P. Bergstein, Jr. sold 1,581 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $37.06, for a total transaction of $58,591.86. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of PPL Corp. by 2.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,892 shares of the company’s stock worth $1,498,000 after buying an additional 846 shares during the period. Affinity Investment Advisors LLC increased its position in shares of PPL Corp. by 3.2% in the fourth quarter. Affinity Investment Advisors LLC now owns 497,978 shares of the company’s stock worth $16,996,000 after buying an additional 15,497 shares during the period. Opus Investment Management Inc. increased its position in shares of PPL Corp. by 16.5% in the fourth quarter. Opus Investment Management Inc. now owns 141,142 shares of the company’s stock worth $4,817,000 after buying an additional 20,000 shares during the period. Aberdeen Asset Management PLC UK increased its position in shares of PPL Corp. by 23.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 209,765 shares of the company’s stock worth $7,290,000 after buying an additional 39,737 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of PPL Corp. by 4.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 49,118 shares of the company’s stock worth $1,676,000 after buying an additional 1,900 shares during the period.

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. It operates through three segments: U.K.

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