PPL Corp (PPL) Stake Lowered by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund decreased its position in shares of PPL Corp (NYSE:PPL) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,280 shares of the utilities provider’s stock after selling 22,975 shares during the quarter. PPL comprises 3.1% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings, making the stock its 10th largest holding. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund owned 0.10% of PPL worth $19,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Live Your Vision LLC increased its holdings in shares of PPL by 75.3% during the second quarter. Live Your Vision LLC now owns 4,190 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 1,800 shares in the last quarter. Haverford Trust Co. increased its holdings in shares of PPL by 9.9% during the first quarter. Haverford Trust Co. now owns 20,039 shares of the utilities provider’s stock valued at $567,000 after acquiring an additional 1,811 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of PPL by 9.6% during the first quarter. IFM Investors Pty Ltd now owns 20,886 shares of the utilities provider’s stock valued at $591,000 after acquiring an additional 1,832 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of PPL by 1.9% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 108,238 shares of the utilities provider’s stock valued at $3,062,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of PPL by 19.3% during the first quarter. Summit Trail Advisors LLC now owns 12,715 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 2,060 shares in the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

PPL has been the subject of several recent research reports. ValuEngine downgraded PPL from a “sell” rating to a “strong sell” rating in a report on Thursday, May 17th. Zacks Investment Research downgraded PPL from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. UBS Group decreased their price target on PPL from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, June 8th. Morgan Stanley decreased their price target on PPL from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Finally, Deutsche Bank downgraded PPL from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.30.

Shares of PPL stock opened at $30.27 on Friday. PPL Corp has a 12-month low of $25.30 and a 12-month high of $39.41. The firm has a market cap of $21.11 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.58 and a beta of 0.50. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.80.

PPL (NYSE:PPL) last announced its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. PPL had a return on equity of 15.30% and a net margin of 18.08%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.75 billion. equities analysts anticipate that PPL Corp will post 2.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be paid a $0.41 dividend. The ex-dividend date is Friday, September 7th. This represents a $1.64 dividend on an annualized basis and a yield of 5.42%. PPL’s dividend payout ratio (DPR) is presently 72.89%.

PPL Company Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates in three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves 411,000 electric and 326,000 natural gas customers in Louisville and adjacent areas in Kentucky; 525,000 customers in central, southeastern, and western Kentucky; and approximately 28,000 customers in 5 counties in southwestern Virginia, and 3 customers in Tennessee.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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