Virtus Fund Advisers LLC Has $68.01 Million Holdings in PPL Corp (PPL)

Virtus Fund Advisers LLC raised its holdings in PPL Corp (NYSE:PPL) by 52.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,175,000 shares of the utilities provider’s stock after acquiring an additional 752,400 shares during the period. Virtus Fund Advisers LLC’s holdings in PPL were worth $68,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN raised its holdings in PPL by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,546,957 shares of the utilities provider’s stock valued at $264,528,000 after acquiring an additional 389,800 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in PPL by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 6,739,037 shares of the utilities provider’s stock valued at $208,573,000 after acquiring an additional 492,590 shares during the last quarter. Prudential Financial Inc. raised its holdings in PPL by 16.5% in the 3rd quarter. Prudential Financial Inc. now owns 5,030,604 shares of the utilities provider’s stock valued at $190,912,000 after acquiring an additional 714,250 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in PPL by 9.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 3,147,195 shares of the utilities provider’s stock valued at $97,406,000 after acquiring an additional 264,261 shares during the last quarter. Finally, Swiss National Bank raised its holdings in PPL by 0.7% in the 4th quarter. Swiss National Bank now owns 2,762,947 shares of the utilities provider’s stock valued at $85,513,000 after acquiring an additional 19,400 shares during the last quarter. Institutional investors own 70.50% of the company’s stock.

In other news, SVP Joanne H. Raphael sold 5,045 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $31.60, for a total transaction of $159,422.00. Following the completion of the sale, the senior vice president now directly owns 24,080 shares of the company’s stock, valued at approximately $760,928. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory N. Dudkin sold 9,320 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were 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 of the company’s stock, valued at $821,519.80. The disclosure for this sale can be found here. Insiders have sold a total of 44,163 shares of company stock valued at $1,395,587 over the last three months. Corporate insiders own 0.40% of the company’s stock.

PPL has been the subject of several analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $48.00 price target on shares of PPL in a report on Thursday, November 30th. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, December 12th. Macquarie downgraded PPL from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a report on Tuesday, December 19th. SunTrust Banks reiterated a “buy” rating and issued a $42.00 price target on shares of PPL in a report on Tuesday, December 26th. Finally, Guggenheim reiterated a “hold” rating and issued a $32.00 price target on shares of PPL in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.95.

Shares of PPL Corp (PPL) opened at $31.45 on Friday. PPL Corp has a 12 month low of $29.20 and a 12 month high of $40.20. The stock has a market cap of $21,652.19, a price-to-earnings ratio of 13.67, a PEG ratio of 1.93 and a beta of 0.45. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79.

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PPL 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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