Grandview Asset Management LLC Purchases Shares of 39,458 PPL Corp (PPL)

Grandview Asset Management LLC purchased a new stake in PPL Corp (NYSE:PPL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,458 shares of the utilities provider’s stock, valued at approximately $1,118,000. PPL accounts for approximately 1.2% of Grandview Asset Management LLC’s portfolio, making the stock its 28th biggest position.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its position in shares of PPL by 89.2% in the second quarter. FMR LLC now owns 47,276,571 shares of the utilities provider’s stock valued at $1,349,747,000 after buying an additional 22,285,268 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of PPL by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 489,778 shares of the utilities provider’s stock valued at $13,983,000 after buying an additional 9,641 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of PPL by 69.7% in the second quarter. Bank of New York Mellon Corp now owns 10,928,783 shares of the utilities provider’s stock valued at $312,017,000 after buying an additional 4,489,564 shares in the last quarter. DNB Asset Management AS increased its position in shares of PPL by 2.8% in the third quarter. DNB Asset Management AS now owns 107,220 shares of the utilities provider’s stock valued at $3,137,000 after buying an additional 2,890 shares in the last quarter. Finally, Iberiabank Corp purchased a new stake in shares of PPL in the third quarter valued at approximately $236,000. 76.08% of the stock is owned by institutional investors.

Shares of 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. PPL Corp has a one year low of $25.30 and a one year high of $32.46. 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.

A number of analysts have recently commented on the company. Zacks Investment Research cut PPL from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine upgraded PPL from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Desjardins restated an “average” rating and issued a $52.00 price objective on shares of PPL in a research report on Monday, January 7th. Evercore ISI cut PPL from an “outperform” rating to an “in-line” rating in a research report on Thursday. Finally, Bank of America cut PPL from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $29.00 to $28.00 in a research report on Monday, January 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.44.

In other PPL news, insider Gregory N. Dudkin sold 9,430 shares of the company’s stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of $29.91, for a total value of $282,051.30. Following the completion of the sale, the insider now directly owns 37,503 shares in the company, valued at approximately $1,121,714.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Joanne H. Raphael sold 22,410 shares of the company’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $31.00, for a total value of $694,710.00. Following the completion of the sale, the senior vice president now owns 39,209 shares of the company’s stock, valued at $1,215,479. The disclosure for this sale can be found here. Insiders have sold 46,623 shares of company stock valued at $1,403,738 over the last quarter. 0.38% of the stock is owned by company insiders.

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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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