PPL Corp (NYSE:PPL) Shares Sold by Focused Wealth Management Inc

Focused Wealth Management Inc reduced its position in PPL Corp (NYSE:PPL) by 38.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 800 shares of the utilities provider’s stock after selling 500 shares during the quarter. Focused Wealth Management Inc’s holdings in PPL were worth $25,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PPL. Crewe Advisors LLC raised its position in PPL by 6.9% in the 3rd quarter. Crewe Advisors LLC now owns 4,619 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 300 shares during the period. Sterling Investment Advisors Ltd. increased its stake in shares of PPL by 0.5% during the 3rd quarter. Sterling Investment Advisors Ltd. now owns 66,935 shares of the utilities provider’s stock worth $2,108,000 after purchasing an additional 321 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of PPL by 8.4% during the 3rd quarter. Citizens Financial Group Inc RI now owns 4,189 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 326 shares during the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of PPL by 0.9% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 39,673 shares of the utilities provider’s stock worth $1,230,000 after purchasing an additional 350 shares during the last quarter. Finally, 6 Meridian increased its stake in shares of PPL by 2.2% during the 2nd quarter. 6 Meridian now owns 16,281 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 358 shares during the last quarter. 71.54% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on PPL shares. Evercore ISI set a $31.00 price target on shares of PPL and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Bank of America upgraded shares of PPL from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of PPL from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research note on Tuesday, October 15th. Macquarie upgraded shares of PPL from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $27.00 to $32.50 in a research note on Wednesday, October 23rd. Finally, Morgan Stanley set a $30.00 price target on shares of PPL and gave the stock a “hold” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.13.

PPL stock traded up $0.11 during mid-day trading on Wednesday, reaching $33.84. The company’s stock had a trading volume of 2,661,693 shares, compared to its average volume of 4,560,661. PPL Corp has a 12-month low of $27.31 and a 12-month high of $33.83. The company has a market capitalization of $24.38 billion, a P/E ratio of 14.10 and a beta of 0.49. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.58 and a current ratio of 0.66. The firm’s fifty day moving average price is $32.23 and its two-hundred day moving average price is $30.86.

PPL (NYSE:PPL) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). PPL had a net margin of 23.17% and a return on equity of 14.73%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that PPL Corp will post 2.43 EPS for the current fiscal year.

In other news, CEO William H. Spence sold 215,020 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $33.00, for a total value of $7,095,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne H. Raphael sold 21,288 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $31.91, for a total transaction of $679,300.08. Following the completion of the sale, the executive vice president now owns 46,857 shares of the company’s stock, valued at approximately $1,495,206.87. The disclosure for this sale can be found here. Insiders have sold 624,308 shares of company stock valued at $20,800,120 in the last quarter. 0.34% of the stock is owned by company insiders.

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 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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