Traders purchased shares of PPL Corp. (NYSE:PPL) on weakness during trading 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 stocks 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

A number of analysts recently commented on the company. Hilliard Lyons downgraded PPL Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Barclays PLC reaffirmed a “buy” rating on shares of PPL Corp. in a research report on Saturday, April 23rd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $44.00 price target on shares of PPL Corp. in a research report on Friday. Zacks Investment Research downgraded PPL Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Finally, Jefferies Group downgraded PPL Corp. from a “buy” rating to a “hold” rating and decreased their price target for the company from $41.50 to $38.00 in a research report on Thursday, July 14th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PPL Corp. presently has a consensus rating of “Hold” and an average price target of $38.32.

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

In other news, insider Gregory N. Dudkin sold 34,102 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $38.84, for a total value of $1,324,521.68. Following the sale, the insider now directly owns 51,405 shares of the company’s stock, valued at approximately $1,996,570.20. The sale was disclosed in a legal filing with the SEC, 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 value of $58,591.86. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the company. Buckingham Capital Management Inc. boosted its stake in shares of PPL Corp. by 6.7% in the third quarter. Buckingham Capital Management Inc. now owns 30,818 shares of the company’s stock worth $1,014,000 after buying an additional 1,931 shares in the last quarter. ARGI Investment Services LLC boosted its position in PPL Corp. by 214.7% in the fourth quarter. ARGI Investment Services LLC now owns 32,038 shares of the company’s stock valued at $1,093,000 after buying an additional 21,859 shares during the period. GAM Holding AG boosted its position in PPL Corp. by 9.2% in the fourth quarter. GAM Holding AG now owns 35,714 shares of the company’s stock valued at $1,219,000 after buying an additional 3,017 shares during the period. Pittenger & Anderson Inc. boosted its position in PPL Corp. by 3.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 39,375 shares of the company’s stock valued at $1,344,000 after buying an additional 1,455 shares during the period. Finally, Eaton Vance Management boosted its position in PPL Corp. by 60.5% in the fourth quarter. Eaton Vance Management now owns 39,789 shares of the company’s stock valued at $1,358,000 after buying an additional 15,000 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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