Murphy Capital Management Inc. Trims Holdings in PPL Corp (PPL)

Murphy Capital Management Inc. reduced its stake in PPL Corp (NYSE:PPL) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,138 shares of the utilities provider’s stock after selling 1,465 shares during the period. Murphy Capital Management Inc.’s holdings in PPL were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rehmann Capital Advisory Group grew its stake in shares of PPL by 2,949.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 41,344 shares of the utilities provider’s stock worth $1,413,000 after buying an additional 39,988 shares in the last quarter. Mackenzie Financial Corp boosted its position in PPL by 9.7% in the 3rd quarter. Mackenzie Financial Corp now owns 108,836 shares of the utilities provider’s stock valued at $3,185,000 after buying an additional 9,606 shares during the period. State of New Jersey Common Pension Fund D boosted its position in PPL by 47.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,250,000 shares of the utilities provider’s stock valued at $35,413,000 after buying an additional 400,000 shares during the period. BB&T Corp boosted its position in PPL by 1.4% in the 3rd quarter. BB&T Corp now owns 172,068 shares of the utilities provider’s stock valued at $5,035,000 after buying an additional 2,404 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in PPL in the 3rd quarter valued at about $630,000. Institutional investors own 76.08% of the company’s stock.

PPL has been the subject of several research reports. ValuEngine raised shares of PPL from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of PPL from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 11th. Desjardins reissued an “average” rating and issued a $52.00 price objective on shares of PPL in a research report on Monday, January 7th. Bank of America cut shares of PPL from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $29.00 to $28.00 in a research report on Monday, January 14th. Finally, Evercore ISI cut shares of PPL from an “outperform” rating to an “in-line” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.44.



In related news, SVP Joanne H. Raphael sold 22,410 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $31.00, for a total transaction of $694,710.00. Following the completion of the transaction, the senior vice president now owns 39,209 shares in the company, valued at approximately $1,215,479. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Paul W. Thompson sold 4,573 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $28.25, for a total transaction of $129,187.25. Following the transaction, the chairman now owns 7,419 shares of the company’s stock, valued at approximately $209,586.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,623 shares of company stock valued at $1,403,738. 0.38% of the stock is currently owned by company insiders.

NYSE PPL opened at $31.29 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.58 and a quick ratio of 0.51. The company has a market cap of $22.54 billion, a P/E ratio of 13.91, a PEG ratio of 2.56 and a beta of 0.55. PPL Corp has a 52 week low of $25.30 and a 52 week high of $32.46.

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About PPL

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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