PPL Corporation (PPL) Position Held by Blue Fin Capital Inc.

Blue Fin Capital Inc. maintained its stake in PPL Corporation (NYSE:PPL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,705 shares of the utilities provider’s stock at the end of the second quarter. Blue Fin Capital Inc.’s holdings in PPL Corporation were worth $220,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in PPL Corporation by 0.7% in the second quarter. Rhumbline Advisers now owns 1,173,632 shares of the utilities provider’s stock worth $45,373,000 after buying an additional 8,111 shares in the last quarter. Foundry Partners LLC raised its stake in PPL Corporation by 3.1% in the second quarter. Foundry Partners LLC now owns 350,827 shares of the utilities provider’s stock worth $13,563,000 after buying an additional 10,415 shares in the last quarter. HL Financial Services LLC raised its stake in PPL Corporation by 14.8% in the second quarter. HL Financial Services LLC now owns 29,315 shares of the utilities provider’s stock worth $1,133,000 after buying an additional 3,772 shares in the last quarter. Advisor Partners LLC raised its stake in PPL Corporation by 4.0% in the second quarter. Advisor Partners LLC now owns 11,475 shares of the utilities provider’s stock worth $444,000 after buying an additional 440 shares in the last quarter. Finally, First Bank & Trust raised its stake in PPL Corporation by 4.5% in the second quarter. First Bank & Trust now owns 35,852 shares of the utilities provider’s stock worth $1,386,000 after buying an additional 1,552 shares in the last quarter. 71.00% of the stock is owned by institutional investors.

PPL Corporation (NYSE:PPL) opened at 38.49 on Monday. PPL Corporation has a one year low of $32.08 and a one year high of $40.20. The stock has a 50 day moving average price of $38.36 and a 200-day moving average price of $37.74. The firm has a market cap of $26.40 billion, a P/E ratio of 16.11 and a beta of 0.49.

PPL Corporation (NYSE:PPL) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. PPL Corporation had a return on equity of 15.96% and a net margin of 22.08%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business posted $0.56 EPS. PPL Corporation’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts predict that PPL Corporation will post $2.15 EPS for the current fiscal year.

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A number of analysts have commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $43.50 price objective (up from $42.00) on shares of PPL Corporation in a research note on Wednesday, August 9th. BidaskClub lowered shares of PPL Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of PPL Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) raised shares of PPL Corporation from a “sell” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $38.00 in a research note on Monday, June 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $41.00 price objective (up from $38.00) on shares of PPL Corporation in a research note on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. PPL Corporation currently has a consensus rating of “Hold” and a consensus price target of $38.72.

In other news, VP Joseph P. Bergstein, Jr. sold 2,929 shares of PPL Corporation stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $38.55, for a total transaction of $112,912.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Vincent Sorgi sold 5,600 shares of PPL Corporation stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $218,400.00. Following the transaction, the insider now owns 97 shares in the company, valued at approximately $3,783. The disclosure for this sale can be found here. Insiders have sold a total of 19,740 shares of company stock worth $773,067 in the last quarter. 0.42% of the stock is currently owned by company insiders.

About PPL Corporation

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 Corporation (NYSE:PPL)

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