Brown Advisory Inc. Boosts Stake in PPL Corporation (PPL)

Brown Advisory Inc. grew its position in PPL Corporation (NYSE:PPL) by 647.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,219 shares of the utilities provider’s stock after purchasing an additional 71,225 shares during the quarter. Brown Advisory Inc.’s holdings in PPL were worth $3,121,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PPL. Advisor Partners LLC grew its position in shares of PPL by 4.0% in the second quarter. Advisor Partners LLC now owns 11,475 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 440 shares during the last quarter. HL Financial Services LLC boosted its stake in shares of PPL by 14.8% in the second quarter. HL Financial Services LLC now owns 29,315 shares of the utilities provider’s stock valued at $1,133,000 after buying an additional 3,772 shares during the period. Foundry Partners LLC boosted its stake in shares of PPL by 3.1% in the second quarter. Foundry Partners LLC now owns 350,827 shares of the utilities provider’s stock valued at $13,563,000 after buying an additional 10,415 shares during the period. Rhumbline Advisers boosted its stake in shares of PPL by 0.7% in the second quarter. Rhumbline Advisers now owns 1,173,632 shares of the utilities provider’s stock valued at $45,373,000 after buying an additional 8,111 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of PPL by 193.4% in the second quarter. SG Americas Securities LLC now owns 990,940 shares of the utilities provider’s stock valued at $38,310,000 after buying an additional 653,176 shares during the period. 71.31% of the stock is currently owned by institutional investors.

PPL Corporation (NYSE PPL) traded up $0.12 during midday trading on Thursday, reaching $35.41. The company’s stock had a trading volume of 6,529,300 shares, compared to its average volume of 3,238,489. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.79. PPL Corporation has a 12-month low of $32.69 and a 12-month high of $40.20. The company has a market capitalization of $24,295.91, a PE ratio of 15.34, a PEG ratio of 2.32 and a beta of 0.47.

PPL (NYSE:PPL) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. PPL had a return on equity of 15.30% and a net margin of 20.60%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. equities research analysts expect that PPL Corporation will post 2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 4.46%. The ex-dividend date is Thursday, December 7th. PPL’s payout ratio is presently 71.49%.

Several brokerages recently issued reports on PPL. Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price target on shares of PPL in a research note on Thursday, November 30th. BidaskClub upgraded PPL from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Jefferies Group reiterated a “buy” rating and issued a $43.50 price target (up from $42.00) on shares of PPL in a research note on Wednesday, August 9th. SunTrust Banks began coverage on PPL in a research note on Tuesday, October 10th. They issued a “buy” rating and a $43.00 price target for the company. Finally, Zacks Investment Research cut PPL from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $41.28.

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PPL Company Profile

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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