Crewe Advisors LLC bought a new position in PPL Corp (NYSE:PPL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,304 shares of the utilities provider’s stock, valued at approximately $133,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Cutler Capital Management LLC acquired a new position in shares of PPL in the 3rd quarter valued at $114,000. Taylor Hoffman Wealth Management acquired a new position in shares of PPL in the 4th quarter valued at $124,000. Cerebellum GP LLC acquired a new position in shares of PPL in the 4th quarter valued at $128,000. Calton & Associates Inc. acquired a new position in shares of PPL in the 4th quarter valued at $156,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of PPL by 42.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,695 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 1,687 shares during the last quarter. 73.65% of the stock is owned by hedge funds and other institutional investors.
PPL Corp (NYSE PPL) opened at $31.45 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.79. The firm has a market cap of $21,650.00, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.93 and a beta of 0.46. PPL Corp has a 1-year low of $29.20 and a 1-year high of $40.20.
In related news, insider Gregory N. Dudkin sold 9,320 shares of PPL 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 transaction, the insider now owns 25,940 shares in the company, valued at approximately $821,519.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joanne H. Raphael sold 5,045 shares of PPL 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 transaction, the senior vice president now owns 24,080 shares in the company, valued at approximately $760,928. The disclosure for this sale can be found here. Insiders have sold a total of 44,163 shares of company stock worth $1,395,587 in the last 90 days. Company insiders own 0.40% of the company’s stock.
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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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