Affinity Investment Advisors LLC Sells 19,354 Shares of PPL Corp (PPL)

Affinity Investment Advisors LLC cut its holdings in PPL Corp (NYSE:PPL) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 343,865 shares of the utilities provider’s stock after selling 19,354 shares during the period. PPL accounts for 1.7% of Affinity Investment Advisors LLC’s portfolio, making the stock its 20th largest holding. Affinity Investment Advisors LLC’s holdings in PPL were worth $9,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of PPL by 89.2% during the 2nd quarter. FMR LLC now owns 47,276,571 shares of the utilities provider’s stock valued at $1,349,747,000 after purchasing an additional 22,285,268 shares during the period. Bank of New York Mellon Corp raised its position in shares of PPL by 58.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 17,289,874 shares of the utilities provider’s stock valued at $505,902,000 after purchasing an additional 6,361,091 shares during the period. Janus Henderson Group PLC raised its position in shares of PPL by 106.1% during the 3rd quarter. Janus Henderson Group PLC now owns 5,081,144 shares of the utilities provider’s stock valued at $148,655,000 after purchasing an additional 2,615,544 shares during the period. Morgan Stanley raised its position in shares of PPL by 96.7% during the 3rd quarter. Morgan Stanley now owns 4,130,706 shares of the utilities provider’s stock valued at $120,864,000 after purchasing an additional 2,030,363 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of PPL during the 3rd quarter valued at $11,743,000. Institutional investors and hedge funds own 76.08% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of PPL from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine upgraded shares of PPL from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Desjardins restated an “average” rating and set a $52.00 price objective on shares of PPL in a research report on Monday, January 7th. Evercore ISI downgraded shares of PPL from an “outperform” rating to an “in-line” rating in a research report on Thursday, February 7th. Finally, Bank of America downgraded shares of PPL from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $29.00 to $28.00 in a research report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.44.

In related news, Chairman Paul W. Thompson sold 4,573 shares of the firm’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $28.25, for a total transaction of $129,187.25. Following the completion of the transaction, the chairman now directly owns 7,419 shares of the company’s stock, valued at $209,586.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joanne H. Raphael sold 22,410 shares of the firm’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $31.00, for a total transaction of $694,710.00. Following the transaction, the senior vice president now directly owns 39,209 shares of the company’s stock, valued at $1,215,479. The disclosure for this sale can be found here. Insiders have sold 46,623 shares of company stock valued at $1,403,738 over the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

PPL opened at $31.12 on Tuesday. The firm has a market cap of $22.64 billion, a P/E ratio of 13.83, a P/E/G ratio of 2.56 and a beta of 0.55. PPL Corp has a fifty-two week low of $25.30 and a fifty-two week high of $32.46. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.58 and a quick ratio of 0.51.

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PPL 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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