Robeco Institutional Asset Management B.V. Boosts Stock Holdings in PPL Corp (NYSE:PPL)

Robeco Institutional Asset Management B.V. grew its position in shares of PPL Corp (NYSE:PPL) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,860 shares of the utilities provider’s stock after acquiring an additional 18,427 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PPL were worth $4,813,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new position in shares of PPL during the second quarter valued at about $25,000. Kings Point Capital Management purchased a new stake in PPL in the second quarter worth about $28,000. Kavar Capital Partners LLC purchased a new stake in PPL in the second quarter worth about $35,000. Manchester Financial Inc. purchased a new stake in PPL in the second quarter worth about $38,000. Finally, Stonebridge Capital Advisors LLC purchased a new stake in PPL in the second quarter worth about $38,000. 71.83% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Joanne H. Raphael sold 21,288 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $31.91, for a total value of $679,300.08. Following the sale, the executive vice president now owns 46,857 shares in the company, valued at $1,495,206.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William H. Spence sold 215,020 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $33.00, for a total transaction of $7,095,660.00. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Shares of NYSE:PPL traded down $0.06 during trading on Friday, reaching $33.07. 103,727 shares of the stock traded hands, compared to its average volume of 5,587,171. The stock has a 50-day moving average of $31.24 and a two-hundred day moving average of $30.69. PPL Corp has a 52-week low of $27.31 and a 52-week high of $33.44. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.48 and a current ratio of 0.55. The stock has a market cap of $23.93 billion, a P/E ratio of 13.80 and a beta of 0.50.

PPL (NYSE:PPL) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. PPL had a net margin of 22.97% and a return on equity of 14.57%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Sell-side analysts expect that PPL Corp will post 2.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 4.99%. The ex-dividend date was Monday, September 9th. PPL’s dividend payout ratio is currently 68.75%.

A number of brokerages have weighed in on PPL. Morgan Stanley set a $30.00 price objective on shares of PPL and gave the stock a “hold” rating in a report on Friday, August 16th. Bank of America upgraded shares of PPL from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 7th. ValuEngine upgraded shares of PPL from a “sell” rating to a “hold” rating in a report on Friday. Macquarie upgraded shares of PPL from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $27.00 to $32.50 in a report on Wednesday. Finally, Evercore ISI set a $31.00 price objective on shares of PPL and gave the stock a “hold” rating in a report on Wednesday, August 7th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PPL currently has a consensus rating of “Hold” and a consensus target price of $36.41.

PPL Profile

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 414,000 electric and 328,000 natural gas customers in Louisville and adjacent areas in Kentucky; 527,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia.

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Institutional Ownership by Quarter for PPL (NYSE:PPL)

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