First National Trust Co Has $607,000 Position in PPL Corp (PPL)

First National Trust Co cut its holdings in shares of PPL Corp (NYSE:PPL) by 23.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,605 shares of the utilities provider’s stock after selling 6,047 shares during the quarter. First National Trust Co’s holdings in PPL were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PPL. Cutler Capital Management LLC purchased a new position in PPL during the 3rd quarter valued at about $114,000. Green Square Capital LLC purchased a new position in PPL during the 3rd quarter valued at about $215,000. Pinebridge Investments L.P. purchased a new position in PPL during the 2nd quarter valued at about $224,000. Cable Hill Partners LLC boosted its holdings in PPL by 5,417.6% during the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 6,447 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in PPL during the 3rd quarter valued at about $251,000. Institutional investors and hedge funds own 70.93% of the company’s stock.

In other PPL news, insider Gregory N. Dudkin sold 9,320 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $31.67, for a total transaction of $295,164.40. Following the sale, the insider now directly owns 25,940 shares in the company, valued at $821,519.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Victor A. Staffieri sold 19,524 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $31.60, for a total value of $616,958.40. Following the completion of the transaction, the chairman now directly owns 29,084 shares of the company’s stock, valued at $919,054.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,163 shares of company stock worth $1,395,587. 0.40% of the stock is owned by company insiders.

A number of research firms have issued reports on PPL. KeyCorp reaffirmed a “hold” rating on shares of PPL in a research report on Friday, October 20th. Canaccord Genuity reissued a “buy” rating and set a $48.00 target price on shares of PPL in a research report on Thursday, November 30th. Zacks Investment Research raised PPL from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, December 12th. Macquarie lowered PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research report on Tuesday, December 19th. Finally, TheStreet lowered PPL from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. PPL has a consensus rating of “Hold” and a consensus target price of $38.14.

PPL Corp (NYSE:PPL) traded up $0.54 during trading on Friday, hitting $30.06. The company had a trading volume of 7,010,566 shares, compared to its average volume of 6,049,337. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56. The stock has a market capitalization of $20,695.23, a P/E ratio of 13.60, a PEG ratio of 1.85 and a beta of 0.45. PPL Corp has a 12-month low of $29.20 and a 12-month high of $40.20.

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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.

Institutional Ownership by Quarter for PPL (NYSE:PPL)

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