Gulf International Bank UK Ltd raised its stake in shares of PPL Corp. (NYSE:PPL) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,988 shares of the company’s stock after buying an additional 11,900 shares during the period. Gulf International Bank UK Ltd’s holdings in PPL Corp. were worth $7,190,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PPL. JFS Wealth Advisors LLC raised its stake in PPL Corp. by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 5,712 shares of the company’s stock valued at $216,000 after buying an additional 16 shares in the last quarter. Essex Financial Services Inc. raised its stake in PPL Corp. by 0.5% in the second quarter. Essex Financial Services Inc. now owns 6,526 shares of the company’s stock valued at $246,000 after buying an additional 34 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in shares of PPL Corp. by 0.6% in the second quarter. IFC Holdings Incorporated FL now owns 6,383 shares of the company’s stock valued at $241,000 after buying an additional 35 shares during the period. QCI Asset Management Inc. NY raised its stake in shares of PPL Corp. by 1.8% in the second quarter. QCI Asset Management Inc. NY now owns 3,100 shares of the company’s stock valued at $117,000 after buying an additional 55 shares during the period. Finally, D Orazio & Associates Inc. raised its stake in shares of PPL Corp. by 1.0% in the second quarter. D Orazio & Associates Inc. now owns 6,758 shares of the company’s stock valued at $255,000 after buying an additional 67 shares during the period. 69.01% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for PPL Corp. (NYSE:PPL)

PPL Corp. (NYSE:PPL) traded down 1.70% on Wednesday, hitting $33.61. The company’s stock had a trading volume of 4,457,594 shares. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 12.49 and a beta of 0.41. The firm has a 50 day moving average of $33.41 and a 200 day moving average of $35.84. PPL Corp. has a 12 month low of $32.08 and a 12 month high of $39.92.

PPL Corp. (NYSE:PPL) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. PPL Corp. had a net margin of 24.59% and a return on equity of 15.66%. The business earned $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that PPL Corp. will post $2.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Wednesday, December 7th. PPL Corp.’s dividend payout ratio (DPR) is presently 56.30%.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this article can be read at http://www.dailypolitical.com/2016/11/30/ppl-corp-ppl-stake-boosted-by-gulf-international-bank-uk-ltd.html.

Several equities research analysts have issued reports on the company. Zacks Investment Research lowered PPL Corp. from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Group dropped their price target on PPL Corp. from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Wednesday, August 10th. Guggenheim lowered PPL Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $44.00 price target on shares of PPL Corp. in a research note on Friday, August 5th. Finally, Bank of America Corp. lowered PPL Corp. from a “buy” rating to a “neutral” rating and set a $32.00 price target for the company. in a research note on Tuesday, November 22nd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.71.

PPL Corp. Company Profile

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.

5 Day Chart for NYSE:PPL

Want to see what other hedge funds are holding PPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPL Corp. (NYSE:PPL).

Receive News & Ratings for PPL Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL Corp. and related companies with MarketBeat.com's FREE daily email newsletter.