Doyle Wealth Management Has $260,000 Position in PPL Corp (PPL)

Doyle Wealth Management trimmed its holdings in PPL Corp (NYSE:PPL) by 22.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,898 shares of the utilities provider’s stock after selling 2,595 shares during the period. Doyle Wealth Management’s holdings in PPL were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. MML Investors Services LLC lifted its position in shares of PPL by 51.4% in the third quarter. MML Investors Services LLC now owns 84,093 shares of the utilities provider’s stock valued at $2,461,000 after acquiring an additional 28,567 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of PPL by 8.5% in the third quarter. Prudential Financial Inc. now owns 1,691,803 shares of the utilities provider’s stock valued at $49,502,000 after acquiring an additional 131,900 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of PPL by 2.7% in the third quarter. Candriam Luxembourg S.C.A. now owns 70,778 shares of the utilities provider’s stock worth $2,071,000 after buying an additional 1,877 shares in the last quarter. Highstreet Asset Management Inc. lifted its position in shares of PPL by 74.5% in the third quarter. Highstreet Asset Management Inc. now owns 39,787 shares of the utilities provider’s stock worth $1,164,000 after buying an additional 16,992 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in shares of PPL by 20.0% in the third quarter. Wetherby Asset Management Inc. now owns 9,862 shares of the utilities provider’s stock worth $289,000 after buying an additional 1,643 shares in the last quarter. Institutional investors and hedge funds own 77.91% of the company’s stock.

NYSE:PPL opened at $31.89 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $22.72 billion, a P/E ratio of 12.98, a PEG ratio of 2.69 and a beta of 0.40. PPL Corp has a 12 month low of $25.30 and a 12 month high of $37.34.

PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. PPL had a return on equity of 15.23% and a net margin of 19.17%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that PPL Corp will post 2.34 EPS for the current year.

PPL has been the topic of a number of research analyst reports. Deutsche Bank downgraded PPL from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Wells Fargo & Co boosted their target price on PPL from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. ValuEngine upgraded PPL from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. Citigroup initiated coverage on PPL in a research report on Thursday, August 23rd. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.18.

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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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