Hudson Valley Investment Advisors Inc. ADV grew its position in PPL Corp (NYSE:PPL) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,970 shares of the utilities provider’s stock after purchasing an additional 5,891 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in PPL were worth $742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BLB&B Advisors LLC grew its holdings in PPL by 1.5% in the fourth quarter. BLB&B Advisors LLC now owns 183,230 shares of the utilities provider’s stock worth $5,671,000 after purchasing an additional 2,783 shares during the last quarter. Atria Investments LLC grew its holdings in PPL by 18.4% in the fourth quarter. Atria Investments LLC now owns 90,704 shares of the utilities provider’s stock worth $2,807,000 after purchasing an additional 14,106 shares during the last quarter. Hexavest Inc. grew its holdings in PPL by 1.6% in the fourth quarter. Hexavest Inc. now owns 1,765,554 shares of the utilities provider’s stock worth $54,644,000 after purchasing an additional 27,387 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd grew its holdings in PPL by 253.1% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 28,600 shares of the utilities provider’s stock worth $885,000 after purchasing an additional 20,500 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in PPL by 3.0% in the fourth quarter. Fulton Bank N.A. now owns 93,227 shares of the utilities provider’s stock worth $2,886,000 after purchasing an additional 2,717 shares during the last quarter. 71.26% of the stock is currently owned by institutional investors and hedge funds.

PPL Corp (NYSE:PPL) traded up $0.20 during trading hours on Tuesday, reaching $31.08. 6,844,900 shares of the company’s stock traded hands, compared to its average volume of 7,191,689. PPL Corp has a one year low of $30.44 and a one year high of $40.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56. The stock has a market capitalization of $21,610.00, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48.

PPL (NYSE:PPL) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. PPL had a net margin of 20.60% and a return on equity of 15.30%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. research analysts predict that PPL Corp will post 2.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.395 dividend. This represents a $1.58 annualized dividend and a yield of 5.08%. The ex-dividend date was Thursday, December 7th. PPL’s payout ratio is 71.49%.

Several equities analysts have issued reports on PPL shares. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, December 12th. Canaccord Genuity reissued a “buy” rating and set a $48.00 price objective on shares of PPL in a report on Thursday, November 30th. SunTrust Banks reissued a “buy” rating and set a $42.00 price objective on shares of PPL in a report on Tuesday, December 26th. ValuEngine raised shares of PPL from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Guggenheim reissued a “hold” rating and set a $32.00 price objective on shares of PPL in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. PPL has a consensus rating of “Hold” and a consensus price target of $38.72.

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About PPL

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 (NYSE:PPL)

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