Nationwide Fund Advisors trimmed its position in PPL Corporation (NYSE:PPL) by 18.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 837,518 shares of the utilities provider’s stock after selling 186,879 shares during the quarter. Nationwide Fund Advisors owned approximately 0.12% of PPL Corporation worth $32,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kistler Tiffany Companies LLC boosted its holdings in shares of PPL Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,084 shares of the utilities provider’s stock worth $153,000 after buying an additional 15 shares during the period. Parallel Advisors LLC boosted its holdings in shares of PPL Corporation by 6.1% in the first quarter. Parallel Advisors LLC now owns 4,249 shares of the utilities provider’s stock worth $161,000 after buying an additional 243 shares during the period. Focused Wealth Management Inc boosted its holdings in shares of PPL Corporation by 352.0% in the first quarter. Focused Wealth Management Inc now owns 4,366 shares of the utilities provider’s stock worth $163,000 after buying an additional 3,400 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of PPL Corporation by 0.9% in the first quarter. SRS Capital Advisors Inc. now owns 4,434 shares of the utilities provider’s stock worth $165,000 after buying an additional 38 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of PPL Corporation by 11.3% in the first quarter. Assetmark Inc. now owns 4,933 shares of the utilities provider’s stock worth $184,000 after buying an additional 499 shares during the period. Institutional investors own 70.95% of the company’s stock.

In related news, SVP Joanne H. Raphael sold 35,651 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $39.50, for a total value of $1,408,214.50. Following the completion of the transaction, the senior vice president now directly owns 52,450 shares in the company, valued at approximately $2,071,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory N. Dudkin sold 8,228 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $39.55, for a total value of $325,417.40. Following the completion of the transaction, the insider now owns 39,693 shares of the company’s stock, valued at $1,569,858.15. The disclosure for this sale can be found here. Insiders sold a total of 55,391 shares of company stock valued at $2,181,282 over the last quarter. 0.40% of the stock is owned by insiders.

PPL Corporation (NYSE PPL) traded down 0.28% during mid-day trading on Friday, hitting $39.01. 1,911,983 shares of the company traded hands. PPL Corporation has a one year low of $32.08 and a one year high of $40.20. The company has a market capitalization of $26.76 billion, a price-to-earnings ratio of 16.33 and a beta of 0.49. The company’s 50-day moving average price is $39.00 and its 200 day moving average price is $38.36.

PPL Corporation (NYSE:PPL) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $0.56 EPS. PPL Corporation’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that PPL Corporation will post $2.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a $0.395 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.58 annualized dividend and a dividend yield of 4.04%. PPL Corporation’s dividend payout ratio is presently 66.11%.

Several research analysts have commented on PPL shares. Jefferies Group LLC upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $39.50 to $42.00 in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Wednesday, July 12th. ValuEngine upgraded shares of PPL Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of PPL Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of PPL Corporation from a “sell” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $38.00 in a report on Monday, June 26th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. PPL Corporation has a consensus rating of “Hold” and an average target price of $38.94.

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About PPL Corporation

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. PPL operates through U.K.

Institutional Ownership by Quarter for PPL Corporation (NYSE:PPL)

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