Klingenstein Fields & Co. LLC Has $417,000 Position in PPL Corporation (PPL)

Klingenstein Fields & Co. LLC Has $417,000 Position in PPL Corporation (PPL)

Klingenstein Fields & Co. LLC held its stake in shares of PPL Corporation (NYSE:PPL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,064 shares of the company’s stock at the end of the third quarter. Klingenstein Fields & Co. LLC’s holdings in PPL Corporation were worth $417,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PPL. BB&T Corp increased its stake in shares of PPL Corporation by 1.0% in the third quarter. BB&T Corp now owns 223,319 shares of the company’s stock worth $7,720,000 after buying an additional 2,121 shares in the last quarter. Quantitative Investment Management LLC increased its stake in PPL Corporation by 20.1% in the third quarter. Quantitative Investment Management LLC now owns 42,400 shares of the company’s stock valued at $1,465,000 after buying an additional 7,100 shares during the period. First Trust Advisors LP increased its stake in PPL Corporation by 28.2% in the third quarter. First Trust Advisors LP now owns 2,161,062 shares of the company’s stock valued at $74,708,000 after buying an additional 475,832 shares during the period. NEXT Financial Group Inc increased its stake in PPL Corporation by 21.5% in the third quarter. NEXT Financial Group Inc now owns 8,536 shares of the company’s stock valued at $295,000 after buying an additional 1,512 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in PPL Corporation by 1.6% in the third quarter. Mutual of America Capital Management LLC now owns 113,904 shares of the company’s stock valued at $3,938,000 after buying an additional 1,825 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

PPL Corporation (NYSE:PPL) opened at 34.27 on Friday. The stock has a 50 day moving average price of $34.28 and a 200 day moving average price of $34.60. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 12.73 and a beta of 0.40. PPL Corporation has a 52-week low of $32.08 and a 52-week high of $39.92.

PPL Corporation (NYSE:PPL) last posted its earnings results on Tuesday, November 1st. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The company earned $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. PPL Corporation had a net margin of 24.59% and a return on equity of 15.66%. PPL Corporation’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. Equities research analysts forecast that PPL Corporation will post $2.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 9th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Wednesday, December 7th. PPL Corporation’s payout ratio is currently 56.30%.

Several equities research analysts recently weighed in on PPL shares. Zacks Investment Research raised PPL Corporation from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, November 25th. Argus reissued a “buy” rating and set a $39.00 price objective (up previously from $2.00) on shares of PPL Corporation in a report on Tuesday, December 20th. Jefferies Group LLC reissued a “hold” rating and set a $37.00 price objective on shares of PPL Corporation in a report on Tuesday, October 25th. Barclays PLC set a $37.00 price objective on PPL Corporation and gave the company a “hold” rating in a report on Friday, January 20th. Finally, RBC Capital Markets reissued a “hold” rating and set a $37.00 price objective on shares of PPL Corporation in a report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.15.

In related news, SVP Joanne H. Raphael sold 5,734 shares of the stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $34.36, for a total value of $197,020.24. Following the completion of the transaction, the senior vice president now directly owns 25,424 shares of the company’s stock, valued at $873,568.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gregory N. Dudkin sold 10,231 shares of the stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $34.57, for a total transaction of $353,685.67. Following the completion of the transaction, the insider now directly owns 33,065 shares of the company’s stock, valued at $1,143,057.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,498 shares of company stock valued at $2,885,322. 0.42% of the stock is owned by insiders.

PPL Corporation 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. It operates through three segments: U.K.

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