PPL Corp (PPL) Shares Sold by Doyle Wealth Management
Doyle Wealth Management reduced its holdings in PPL Corp (NYSE:PPL) by 77.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,229 shares of the utilities provider’s stock after selling 42,513 shares during the quarter. Doyle Wealth Management’s holdings in PPL were worth $379,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cutler Capital Management LLC bought a new position in PPL in the 3rd quarter worth about $114,000. Cerebellum GP LLC bought a new position in PPL in the 4th quarter worth about $128,000. Calton & Associates Inc. bought a new position in PPL in the 4th quarter worth about $156,000. Green Square Capital LLC bought a new position in PPL in the 3rd quarter worth about $215,000. Finally, Cable Hill Partners LLC increased its stake in PPL by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 6,447 shares during the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.
PPL has been the topic of a number of research analyst reports. KeyCorp restated a “hold” rating on shares of PPL in a research note on Friday, October 20th. Canaccord Genuity restated a “buy” rating and issued a $48.00 target price on shares of PPL in a research note on Thursday, November 30th. Zacks Investment Research upgraded PPL from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, December 12th. Macquarie lowered PPL from a “neutral” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research note on Tuesday, December 19th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $42.00 price objective on shares of PPL in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. PPL currently has an average rating of “Hold” and an average target price of $38.14.
PPL Corp (PPL) opened at $30.06 on Monday. PPL Corp has a fifty-two week low of $29.20 and a fifty-two week high of $40.20. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $20,695.24, a PE ratio of 13.60, a PEG ratio of 1.85 and a beta of 0.45.
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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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