Wilbanks Smith & Thomas Asset Management LLC raised its stake in PPL Corporation (NYSE:PPL) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,085 shares of the utilities provider’s stock after acquiring an additional 205 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in PPL Corporation were worth $390,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Laurel Wealth Advisors Inc. lifted its holdings in PPL Corporation by 2.5% in the second quarter. Laurel Wealth Advisors Inc. now owns 22,820 shares of the utilities provider’s stock valued at $882,000 after acquiring an additional 556 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in PPL Corporation by 2.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 139,727 shares of the utilities provider’s stock valued at $5,400,000 after acquiring an additional 3,231 shares during the period. Bank of Hawaii lifted its holdings in PPL Corporation by 0.5% in the second quarter. Bank of Hawaii now owns 95,908 shares of the utilities provider’s stock valued at $3,708,000 after acquiring an additional 511 shares during the period. Ropes Wealth Advisors LLC lifted its holdings in PPL Corporation by 6.2% in the second quarter. Ropes Wealth Advisors LLC now owns 10,251 shares of the utilities provider’s stock valued at $396,000 after acquiring an additional 601 shares during the period. Finally, Horizon Investments LLC lifted its holdings in PPL Corporation by 67.7% in the second quarter. Horizon Investments LLC now owns 33,441 shares of the utilities provider’s stock valued at $1,296,000 after acquiring an additional 13,497 shares during the period. 71.01% of the stock is owned by institutional investors.

A number of research firms have recently commented on PPL. SunTrust Banks, Inc. began coverage on PPL Corporation in a research report on Tuesday. They issued a “buy” rating and a $43.00 price objective for the company. Zacks Investment Research cut PPL Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine upgraded PPL Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded PPL Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $43.50 price objective (up from $42.00) on shares of PPL Corporation in a research report on Wednesday, August 9th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. PPL Corporation currently has a consensus rating of “Hold” and an average target price of $39.35.

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PPL Corporation (NYSE PPL) traded up 0.29% during mid-day trading on Wednesday, hitting $37.96. The stock had a trading volume of 794,313 shares. The firm has a market cap of $26.04 billion, a P/E ratio of 15.88 and a beta of 0.49. The stock has a 50-day moving average price of $38.74 and a 200 day moving average price of $38.57. PPL Corporation has a 12-month low of $32.12 and a 12-month high of $40.20.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a $0.395 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.58 annualized dividend and a dividend yield of 4.17%. PPL Corporation’s dividend payout ratio is currently 66.11%.

In other news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vincent Sorgi sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $218,400.00. Following the completion of the sale, the insider now directly owns 97 shares of the company’s stock, valued at $3,783. The disclosure for this sale can be found here. Insiders sold a total of 47,163 shares of company stock valued at $1,855,864 over the last three months. Insiders own 0.40% of the company’s stock.

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.

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

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