Bank of Hawaii reduced its holdings in PPL Corporation (NYSE:PPL) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,144 shares of the utilities provider’s stock after selling 9,764 shares during the quarter. Bank of Hawaii owned 12,512.56% of PPL Corporation worth $3,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in PPL Corporation by 14.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,714,803 shares of the utilities provider’s stock valued at $104,954,000 after purchasing an additional 349,588 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in PPL Corporation by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,435,800 shares of the utilities provider’s stock valued at $94,168,000 after purchasing an additional 7,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in PPL Corporation by 993.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,702,384 shares of the utilities provider’s stock valued at $64,605,000 after purchasing an additional 1,546,706 shares in the last quarter. California Public Employees Retirement System boosted its stake in PPL Corporation by 0.5% during the 2nd quarter. California Public Employees Retirement System now owns 1,684,519 shares of the utilities provider’s stock valued at $65,124,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in PPL Corporation by 14.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,522,738 shares of the utilities provider’s stock valued at $58,891,000 after purchasing an additional 189,823 shares in the last quarter. Hedge funds and other institutional investors own 71.50% of the company’s stock.

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Shares of PPL Corporation (NYSE PPL) traded down $0.19 during trading hours on Wednesday, hitting $37.02. The company had a trading volume of 1,135,606 shares, compared to its average volume of 3,219,080. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79. PPL Corporation has a twelve month low of $32.46 and a twelve month high of $40.20. The stock has a market capitalization of $25,135.83, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. PPL Corporation had a return on equity of 15.30% and a net margin of 20.60%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $0.63 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. sell-side analysts anticipate that PPL Corporation will post 2.17 earnings per share for the current fiscal year.

PPL has been the subject of a number of research reports. Zacks Investment Research lowered PPL Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. SunTrust Banks, Inc. assumed coverage on PPL Corporation in a research note on Tuesday, October 10th. They set a “buy” rating and a $43.00 price target for the company. ValuEngine raised PPL Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered PPL Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC raised PPL Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $39.50 to $42.00 in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.50.

In other PPL Corporation news, SVP Joanne H. Raphael sold 35,651 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.50, for a total transaction of $1,408,214.50. Following the transaction, the senior vice president now directly owns 52,450 shares in the company, valued at $2,071,775. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

PPL Corporation 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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