Schroder Investment Management Group cut its stake in shares of PPL Corporation (NYSE:PPL) by 70.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,867 shares of the utilities provider’s stock after selling 128,180 shares during the period. Schroder Investment Management Group’s holdings in PPL Corporation were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PPL. SRS Capital Advisors Inc. raised 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. Concert Wealth Management Inc. raised its holdings in shares of PPL Corporation by 0.4% in the first quarter. Concert Wealth Management Inc. now owns 13,032 shares of the utilities provider’s stock worth $442,000 after buying an additional 46 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of PPL Corporation by 0.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 9,394 shares of the utilities provider’s stock worth $351,000 after buying an additional 58 shares during the period. Cleararc Capital Inc. raised its holdings in shares of PPL Corporation by 0.8% in the first quarter. Cleararc Capital Inc. now owns 16,634 shares of the utilities provider’s stock worth $622,000 after buying an additional 125 shares during the period. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of PPL Corporation by 0.6% in the second quarter. Tocqueville Asset Management L.P. now owns 21,500 shares of the utilities provider’s stock worth $831,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

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In other PPL Corporation news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $38.55, for a total value of $112,912.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joanne H. Raphael sold 35,651 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $39.50, for a total value of $1,408,214.50. Following the completion of the sale, the senior vice president now directly owns 52,450 shares in the company, valued at approximately $2,071,775. The disclosure for this sale can be found here. In the last three months, insiders sold 47,163 shares of company stock worth $1,855,864. 0.40% of the stock is owned by corporate insiders.

PPL has been the topic of several recent analyst reports. Zacks Investment Research downgraded PPL Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. ValuEngine upgraded PPL Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded PPL Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) upgraded PPL Corporation from a “sell” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $38.00 in a report on Monday, June 26th. Finally, Jefferies Group LLC upgraded PPL Corporation from a “hold” rating to a “buy” rating and increased their price target for the stock from $39.50 to $42.00 in a report on Wednesday, July 19th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.94.

PPL Corporation (PPL) opened at 38.47 on Friday. The company has a 50-day moving average price of $39.08 and a 200 day moving average price of $38.44. The company has a market cap of $26.38 billion, a PE ratio of 16.10 and a beta of 0.49. PPL Corporation has a 52 week low of $32.08 and a 52 week high of $40.20.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Thursday, September 7th. PPL Corporation’s payout ratio is 66.11%.

PPL Corporation 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. PPL operates through U.K.

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

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